Is Cambridge really a good school for business? With the weakening of western economies, you might want more of an asian approach.

I would like you to note that the rich kids from China are probably going to be sent to Singapore rather than Cambridge now. It may be a good idea to build contacts/networks with your future business partners now than drinking buddies in Cambridge.

Financially, it will not be a burden to your parents. Also, you won't have to pay for your study loans for the first 5 years of work. Can you imagine being loan-free the moment you start working? It will give you the privilege of choice between jobs as some jobs may not be enjoyable but you'll have to stick to them due to loan constraints.

You'll get to keep meeting your friends and family often. While you may to meet more foreign friends, somehow I believe that your closest friends won't be non-Singaporean.

Ultimately, the decision is yours and you have to be responsible for your choice.