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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.
Most parents are aware that tertiary education will cost a bomb. For a degree in the local Singapore universities, costs will approximate $100,000. If it is done overseas, costs go up again, ranging from $200,000 to over $500,000 depending on the destination country.Last year, it was reported that even an Australian degree cost $262,000.eriod: 2 to 18 months (one and half years). Most parents in Singapore are both working and full time help is needed to look after the newborn. Parents have to engage help from domestic workers ($900 a month) or infant care centres.