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Because according to our calculations, it will cost at least SGD $340,000 to raise one child in Singapore from infancy to 21 years of age.arents like marketing manager J Lim, 33, says she typically spends $600 per month on her 20-month old son and puts away $500 monthly into his education fund. She hopes that the fund will accumulate at least $108,000 by the time he turns 18 and in need of the money for his university education.
Based on our own research, raising a child in Singapore can cost as much as a whopping S$1 million. However, you can also make do with just a quarter of a million and probably even lower without the extraneous costs, if you prefer that your child go without tuition and the like.ccording to the former CEO of a financial advisory firm Joseph Chong, itâs more expensive to raise a child in Singapore than it is in the United States â according to him, the difference is S$140,000 and is due to the bugbear of every school-going child, tuition.