Retiring in Singapore: What Expats Need to Know

• Can Expats Retire in Singapore?

Unlike countries that offer retirement visas, Singapore does not have a dedicated visa scheme for retirees. Most expats who wish to stay long-term rely on other options, such as obtaining Permanent Residency (PR), securing a Long-Term Visit Pass through family ties, or applying for work-related passes if they still consult part-time. For those without PR or citizenship, retirement in Singapore usually depends on having strong financial independence and family connections in the country.

• Cost of Retirement Living

Singapore is consistently ranked among the most expensive cities in the world, and retirees need to budget carefully. Housing is the biggest expense, especially for foreigners who cannot buy subsidized HDB flats. Renting a condominium can easily take up a significant portion of retirement funds. On the other hand, everyday living costs — such as groceries, hawker food, and public transport — are more manageable compared to cities like London or New York. Retirees who want comfort and convenience should plan for an annual budget that reflects Singapore’s high standard of living.

• Healthcare and Insurance Needs

One of Singapore’s biggest advantages is its healthcare system, which is globally recognized for quality and efficiency. However, expats without PR cannot access government subsidies and will need comprehensive private health insurance. Premiums can be high, particularly for older retirees, but this is a non-negotiable expense given the cost of medical care. Many retirees opt for international health insurance plans that cover both Singapore and overseas treatments.

• Lifestyle for Retirees

For retirees who can afford it, Singapore offers a vibrant and safe lifestyle. The city is compact, easy to navigate, and full of cultural activities, green spaces, and world-class dining. Community groups and clubs provide social opportunities for expats, while easy travel connections make weekend getaways across Asia simple. Retirees also enjoy the city’s efficiency — from public transport to healthcare — which makes daily life convenient and stress-free.

• Alternatives and Regional Options

For those who love Singapore but find it too costly or restrictive to retire in permanently, some expats choose a “dual lifestyle.” They may base themselves in more retirement-friendly nearby countries like Malaysia, Thailand, or Indonesia while keeping close ties to Singapore for healthcare, family, or social reasons. This allows them to enjoy a lower cost of living while still staying connected to Singapore’s benefits.