VSA難入嗎

sau2005

本地小學升中，如考維多利亞難嗎？

Ving

Hong Kong and China actually has many rich people. But again, millions of debenture is not affordable to middle class.

But is the schools itself can set the value for the (debenture or capital note) without any government control. It seems that the school management quite has lot of power to set it high, right?

tingtingting

A friend of mine has 2 kids at CIS.  She holds two CNR (corporate nomination right, similar to debenture), which she purchased some years ago for $600,000.  They are now trading at $6.5 million each.  And there is a very long wait list.  Seems that $6.5 million is nothing to many people.  

chongnicole

Heard that debentures of CIS and CNDIS appreciate a lot in the past few years

Ving

Sorry, do you mean the debenture investment for big IS is "gain" or "loss" in general?

chongnicole

Debenture of big IS has been great investment for the past few years, but u never know...
No info aout Harrow School.

Ving

I am not really sure whether this kind of capital note will appreciate in value or not (4.5 mil cap note become 10 mil after 12 yrs time). If yes, then you can treat this as good investment.

But correct me if I am wrong, the one (called "Halo") in Shiu Lam in Tuen Mun that a very famous IS also only selling at 3 mil though it is still very expensive to ordinary people. It claims to be a super good IS.

chongnicole

Wall paper in both cases la

Ving

So, just in case ISF 倒閉, what's the implication of the 4.5mil capital note to the parents? Can it be get back then?

Also, if the capital note devaluate and the parents can't find a new customer to take it, does it mean that the capital note become wall paper?

chongnicole

以前吳係咁貴，係近年先咁誇張。450萬對任何正常家庭來說都是荒謬。

其他大間的IS，情況間間吳同，你可以去佢地的website看看，好透明。但不少都無咁貴，同埋學生離校係redeemable，咁佢地的mandate係為該國在海外的citizen提供教育，加上歷史悠久，應該吳會倒閉....當做無息定期lor。

漢基係另一個情況，佢的university placement超級好，當然除了學術好，都可能係得力於家長的background。聽說在secondary market買了債券，都只是保證有interview機會，它近年愈來愈貴族化...

Ving

回復 chongnicole 的帖子

I have checked ISF Capital note is 4,500,000!!

So, ISF will charge for the handling fee for each transaction, and the capital note does not have interest and only transferable to any new student. If the value of the capital note depreciate, then the parent has to eat up his own loss. But if the capital note appreicate, then you have to share the gain with ISF. It means that for any case, ISF will not lose, only gain.

Just want to know if this is also common practice for other IS or just specific to ISF as I am not very familar with those operations

chongnicole

你去網站Admission/fees and tuition看看第三項capital note, 買了可以nominate一個小朋友，in左吳得，有second chance再試，差不多是sure收。你講果種係要過五關斬六將的...

Ving

Is there anyone know that the ISF corporate debenture is returnable or non-returnable? And in the website, it shows the amount $200,000 but not million, right?

poonseelai

回復 mattsmum 的帖子

I downloaded the list from VSA's website.  Re the breakdown you mentioned, I need to check.

mattsmum

回復 poonseelai 的帖子

Is this publicly available? any detail breakdown of how many students are going to which university? ESF shows detail breakdown each year.

poonseelai

回復 poonseelai 的帖子

Here's the link for offers for graduating class of 2011:

http://vsa.edu.hk/file/257Uni+w+prog+w+title+wo+CC.pdf

poonseelai

回復 Ving 的帖子

Dear Ving

You may check from VSA's website the list of university offers of VSA's students.

chongnicole

都係ga。其實好少家長只報ISF或VSA，都係報好幾間，再看有甚麼offers去決定。而家生育率高、d父母又捨得栽培小朋友，ISF又好、VSA又好，都叫做比多個選擇你。

吳知你有無留意，ISF有出corporate debenture，持有人可以nominate一個小朋友入讀。幾百萬解決一個難題，真系好貴。

Ving

但最吾明ISF同VSA冇堅實的reference，即畢業往海外就讀的學生都沒有，咁家長好似用好貴的學費買一個concept，而之後點樣結果，如外國大學接受與否又吾知，好似做白老鼠同risky。

chongnicole

Typo, I mean six priority categories for GSIS. 傳統國際學校競爭大，近一兩年英基幼稚園category2基本上無得in。