Latest: Does anyone how many foreign students get the subsidy vs the local students?
The MOE website (click here) states that the subsidy is S$2,400 for both foreign and local students. But the initial entry school fee is different, ie local pays S$3,600 while a foreign student pays S$7,200.
In essence a local student has a significant lower school fee. This is a very encouraging perk being a Singaporean citizen. Well done, MOE. It killed the niggling doubt in my mind and put it to rest.
PS. Thanks to those who have responded. I am glad it was clarified. :)