To scare you guys really, it cost S$1000 on minimum to record a song on minimum market standard average, not S$100 to S$200. This is becos in getting things really right, many more popular artist would do many takes to bring it closer to perfection.
Most bands however in Singapore just do relatively less takes on their songs to give a pretty sub-quality standard, that's why the average becomes down to just 3 to 6 hrs a song. Overseas, Kurt Cobain can go to recording studios for 3 days on just 1 song, and popular acts do roughly 40 takes on the vocal track on average.