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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.
The subsidy applies to all Singaporean children regardless of child order. If you pick an infant care centre that costs you $700 per month and your infant subsidy is $300 per month, you will be out of pocket by $400 per month for 16 months.ringing a child up to tertiary education level can cost new parents between $190k and $700k. According to the latest figures, Singaporeâs fertility rate has plunged to an all-time low of 1.22. The birth rate has been steadily falling for years. The last time it was near replacement levels was in 1975, when it was 2.07.