How to Retire in Singapore? Complete Guide

Retiring in Singapore, a city-state known for its high quality of life, excellent healthcare, and vibrant multicultural environment, is an attractive prospect for many.

However, Singapore’s strict immigration policies mean that retiring here requires careful planning and consideration.

This guide outlines the steps and considerations for those looking to retire in Singapore, including visa options, financial requirements, and practical living advice.

Overview of Retiring in Singapore

Singapore does not offer a specific retirement visa similar to some other countries.

Instead, foreigners looking to retire in Singapore typically do so under one of the existing visa schemes that permit long-term residence, provided they meet certain criteria.

Visa Options for Retiring in Singapore

  1. Permanent Residency (PR): While obtaining PR status in Singapore can be challenging, it’s a pathway for those who have previously worked or have family ties in Singapore. PR status offers the stability of long-term residence but comes with stringent eligibility criteria.
  2. Long-Term Visit Pass (LTVP): Available to certain family members of Singaporean citizens or PRs, the LTVP may be an option for retirees with close family living in Singapore.
  3. Global Investor Programme (GIP): For affluent individuals willing to make a substantial investment in Singapore’s economy, the GIP can lead to PR status. This option requires investing at least SGD 2.5 million in a new business entity or a GIP fund that invests in Singapore-based companies.

Financial Requirements

Retiring in Singapore requires proving you have sufficient financial means to support yourself without becoming a burden on the state. While specific requirements vary by visa type, demonstrating financial stability is crucial.

For the GIP, explicit financial thresholds are set, whereas for PR and LTVP, the focus is on overall financial resources and ties to Singapore.


Singapore boasts one of the world’s best healthcare systems, but it can be expensive. Ensuring you have comprehensive health insurance is vital, especially considering the potential for healthcare needs to increase with age.


Singapore offers a range of housing options, from public housing (HDB flats) available to PRs to private condominiums and landed property. Housing can be costly, so it’s essential to budget accordingly and consider your preferred living arrangements and location.

Cost of Living

Singapore’s cost of living is high, with significant expenses including housing, healthcare, and daily living costs. Planning and budgeting are crucial, especially if you’re not eligible for local social service benefits.

Practical Considerations

  • Social Integration: Engaging with the local community and understanding Singapore’s laws and social norms are important for a smooth transition.
  • Legal and Financial Advice: Consulting with legal and financial experts familiar with Singapore’s immigration and tax laws can provide valuable insights for planning your retirement.
  • Language: While English is widely spoken in Singapore, learning some basics of Mandarin, Malay, or Tamil can enhance your daily interactions.


Retiring in Singapore is an appealing but complex process, requiring significant financial resources and often a connection to the country through family or investment.

Careful planning and consideration of visa options, financial requirements, and living arrangements are essential for a successful and fulfilling retirement in Singapore.

Frequently Asked Questions on Retiring in Singapore

1. Can foreigners buy property in Singapore to retire in?

Foreigners can buy certain types of property in Singapore, such as condominium units, without needing government approval.

However, purchasing landed property and certain restricted properties requires permission from the Singapore Land Authority. It’s important for retirees considering purchasing property in Singapore to research the specific regulations and restrictions.

2. Is healthcare in Singapore affordable for retirees?

Singapore’s healthcare system is renowned for its high quality, but it can be expensive, especially for private medical services.

Foreigners, including retirees, are not subsidized by the government healthcare system and must either have private health insurance or be prepared to cover medical costs out of pocket.

3. What is the Global Investor Programme (GIP) and how does it relate to retiring in Singapore?

The Global Investor Programme (GIP) allows eligible investors to obtain Permanent Resident (PR) status in Singapore by investing a significant amount in Singapore’s economy.

For retirees with substantial financial means, the GIP offers a pathway to long-term residence in Singapore through investment, which could facilitate retirement in the country.

4. Are there any social integration programs for retirees in Singapore?

While there are many community clubs and interest groups in Singapore that retirees can join to integrate socially, there are no specific government-led integration programs for retirees.

Engaging in community activities, volunteering, or joining clubs and societies can be excellent ways for retirees to integrate into the local community.

5. How much savings should I have to comfortably retire in Singapore?

The amount of savings required to retire comfortably in Singapore varies greatly depending on individual lifestyle choices, housing preferences, healthcare needs, and other personal factors.

Given the high cost of living, including housing and medical care, substantial savings are necessary to ensure a comfortable retirement. Financial planning, possibly with the help of a financial advisor familiar with Singapore, is crucial to determine the adequacy of your retirement funds.

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