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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 total, the typical parent can expect to spend Â£231,843 raising a child born in 2016, an increase of 65% since 2003, when the analysts at the Centre for Economics and Business Research first calculated cost figures for parenthood.