According to this article (http://dollarsandsense.sg/the-cost-of-raising-a-child-in-singapore-explained-for-the-average-singaporean/ | published in Nov, 2015), it will cost at least (est) $79000 to raise a child in Singapore from baby to 18. The article gave two estimated figures (basic, and premium) for the various life stages of a child. I took the sum of the "basic" costs. A simple table is provided at the end of the article for you to put in your own estimated figures to calculate how much do you think you will need to raise your child.
Riding onto Hui Qun, the cost of raising a child varies on a lot of factors. Will you be sending you kids to tuitions and extra classes? Piano lessons, dance lessons, etc? Are the kind to give the best and only the best or just whatever is essential? Singapore is a costly place to live in no doubt. What I did for my 2 kids was to also get Education insurance so I get payouts when the time comes.
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thanks