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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.
In 20 yearsâ time, a degree from a university in Singapore will set you back by nearly $100,000. The bill for an overseas university education, including living expenses, could range from $200,000 to more than $500,000, depending on where you send your child, say Ms Tay and Ms Tan.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.