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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.
Follow. Comments. The cost of raising a child has risen 5pc in the past year to Â£227,266, according to research by the Centre for Economic and Business Research. It also suggested that one in five parents are delaying having another child due to cuts to child benefit and the increasing cost of parenting.ollow. Comments. The cost of raising a child has risen 5pc in the past year to Â£227,266, according to research by the Centre for Economic and Business Research. It also suggested that one in five parents are delaying having another child due to cuts to child benefit and the increasing cost of parenting.