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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.
Given a quarter million dollars, how would you spend it? Would you spend it on a shopping spree vacation in Milan or invest it in a child? 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.hile some parents are hesitant to have their second child, other parents are not fazed by the daunting cost of raising children in Singapore. For Felicia*, who has 4 children under 5 years old, it is a case of âthe more the merrier!â âMy husband wants 2 more!â she says.