The aim of the tournament, still in the early stage of planning, is to promote the sport in the city-state, SCA president Kiran Deshpande said on Monday.
"We are looking to organise an international event in this calendar year and we will get a much clearer picture in a couple of months time," said Desphande.
"We are still in the process of identifying which countries can suit our schedule... given a choice, we are looking at some big countries like India and Australia."
The tournament will likely involve at least four nations and will be a shorter version of the game, Desphande said.
He said details on the format, such as whether it will be a One-day tournament or an even more contracted version, are still to be determined.
Almost 3,000 students in Singapore, a former British colony, play cricket in schools but the sport still lags behind soccer, golf, tennis and badminton in terms of popularity.