Why would the 'college for rich people' factor be the deciding factor for you?
You should be more concerned with the quality of the course. For designing courses I've heard that Limkokwing and The One Academy provides good courses, you might want to check them out.

Cheap, new facilities + higher passing rates doesn't necessarily mean high standards of education my friend.

Students' achievements in the international stage, i.e awards, recognition, etc..
This is normally achieved over time, so seeing as to the College being relatively new, it still needs time to build up its reputation.
Don't get me wrong I'm not belittling Methodist College or anything, I'm merely stating that fees, facilities and passing rates do not necessarily mean high standards in education. Our local varsities are cheap, they have laptops that cost RM42,320 each, and they have high passing rates, but we know that their standards are not up to private varsities.