Retire in Singapore
Last updated on Jun 10, 2023
Summary: Retirees are attracted to Singapore for its low taxes, excellent healthcare system, and vibrant culture. Singapore is also known for its cleanliness and safety, making it an ideal place to retire. The weather in Singapore is typically hot and humid, with temperatures ranging from 75 to 90 degrees Fahrenheit throughout the year.
What is it like to retire in Singapore?
"Singapore is a great place for retirees to enjoy their golden years. With its modern infrastructure, excellent healthcare system, and low crime rate, retirees can feel safe and secure in their new home. There is an active expat community in Singapore, with many retirees from all over the world. There are plenty of cultural attractions to explore, such as the Singapore Botanic Gardens, the National Museum of Singapore, and the Singapore Zoo. For recreation, retirees can enjoy the many parks and gardens, or take a stroll along the Singapore River. There is also plenty of nightlife to enjoy, with a variety of bars, clubs, and restaurants to choose from," said a person in Singapore.
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What are the most challenging aspects of retiring in Singapore?
"One of the most challenging aspects of retiring in Singapore is the high cost of living. Singapore is one of the most expensive cities in the world, and the cost of housing, food, and other necessities can be prohibitively expensive for retirees on a fixed income. Additionally, Singapore has a very competitive job market, making it difficult for retirees to find part-time work to supplement their income. Furthermore, Singapore has a very limited social safety net, meaning that retirees must rely on their own savings and investments to provide for their retirement. Finally, Singapore has a very hot and humid climate, which can be difficult for retirees to adjust to," explained a retiree in Singapore.
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What are the most rewarding aspects of retiring in Singapore?
"One of the most rewarding aspects of retiring in Singapore is the excellent healthcare system. Singapore has a world-class healthcare system with a wide range of medical services and treatments available. Additionally, Singapore has a low cost of living, making it an attractive destination for retirees. The country also offers a variety of leisure activities, from shopping and dining to cultural attractions and outdoor activities. Singapore is also a safe and secure place to live, with a low crime rate and a strong economy. Finally, Singapore is a culturally diverse and vibrant city, with a wide range of cultural activities and events to enjoy," said one retiree in Singapore.
What are healthcare services like in Singapore?
We asked retirees if they have access to good medical care in Singapore. They wrote:
"Singapore has a comprehensive healthcare system that provides quality medical services to its citizens. The government provides subsidies for medical services, making healthcare more affordable for citizens. Singapore also has a wide range of public and private hospitals and clinics, offering a variety of medical services. The country also has a well-developed network of primary care providers, such as general practitioners and family physicians, who provide preventive and curative care. Singapore also has a strong emphasis on preventive health care, with a range of health promotion and disease prevention programs. Additionally, Singapore has a well-developed system of medical research and development, with a focus on developing innovative treatments and technologies," said one retiree in living in Singapore.
How do I meet people in Singapore?
When we asked people living in Singapore about club and activities where newcomers can meet others, they responded:
"Expats in Singapore often join clubs and activities such as sports teams, language classes, and cultural events. Expats can also meet people through networking events, online forums, and social media groups. Additionally, many expats find it helpful to join local churches, volunteer organizations, and professional associations. These activities provide a great way to meet people and build relationships with other expats and locals," said one retiree in living in Singapore.
"Singapore Hash House Harriers, Any of the rugby clubs (Singapore Cricket Club, Bucks, etc)," explained a retiree in Singapore.
What is life like in Singapore?
When we asked people living in Singapore what life is like and how people spend their time, they said:
"Life for expats and digital nomads in Singapore is generally quite pleasant. The city is known for its excellent infrastructure, efficient public transportation, and modern amenities. Singapore is also a great place to live for those who enjoy a vibrant nightlife, diverse cultural attractions, and plenty of outdoor activities. The cost of living is relatively high, but the city offers a wide range of housing options to suit different budgets. Expats and digital nomads can also benefit from Singapore's excellent healthcare system and world-class educational institutions. Overall, Singapore is an attractive destination for those looking for a safe and comfortable place to live and work," explained a retiree in Singapore.
"Local's lives revolve around family, expats mix family and socialising. Sports are not very high on anyone's list here due to the weather and unless you like soccer you won't find great variety on cable," explained one retiree living in Singapore.
What do I need to know before retiring in Singapore?
When we asked people what advice they would give someone preparing to move to Singapore, they said:
"Before retiring in Singapore, expats should be aware of the cost of living, which is generally higher than in many other countries. They should also research the different types of visas available and the requirements for obtaining them. Additionally, expats should familiarize themselves with the local culture and customs, as well as the language, to ensure a smooth transition. It is also important to understand the healthcare system and the availability of medical services in Singapore. Finally, expats should research the different types of retirement options available, such as private retirement accounts, to ensure they are making the most of their retirement," said a retiree who moved to Singapore.
"Enjoy! Singapore may have a reputation of being very stiff but I have had a great time here and would do it again in a heart beat. Make sure you negotiate any contracts so that you are on local taxes as they are amongst the lowest in the world," said one retiree in Singapore.
What type of recreational activities are there in Singapore?
"Residents of Singapore enjoy a wide variety of recreational facilities, ranging from parks and gardens to sports complexes and swimming pools. Singapore is home to many beautiful parks and gardens, such as the Singapore Botanic Gardens, which is a UNESCO World Heritage Site, and the Gardens by the Bay, which features a variety of exotic plants and flowers. For those looking for a more active experience, there are numerous sports complexes and swimming pools, as well as a variety of outdoor activities, such as cycling, running, and hiking. Singapore also has a vibrant nightlife, with a variety of bars, clubs, and restaurants to choose from. Additionally, there are many cultural attractions, such as museums, galleries, and theatres, for those looking to explore the city's rich history and culture," explained one retiree living in Singapore.
Where will I buy groceries and do other shopping in Singapore?
"People living in Singapore typically buy groceries from supermarkets such as Cold Storage, NTUC FairPrice, and Sheng Siong. Other shopping can be done at malls such as VivoCity, Suntec City, and Orchard Road. There are also many local wet markets and hawker centres where people can buy fresh produce and other items," remarked one retiree in Singapore.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
Additional Information:
- Singapore Guide
- Healthcare & Health Insurance in Singapore
- Members Talk about Healthcare & Health Insurance in Singapore
- Best Places to Live in Singapore
- Guide to Real Estate in Singapore
- Pros & Cons of Living in Singapore
- Cost of Living in Singapore
- Top Hospitals in Singapore by Specialty
- Best Places to See While on a Look-See Trip to Singapore (Plus, Itineraries)
- Moving with a Pet to Singapore
- Mental Health Care in Singapore
- 2024 Guide to Living in Singapore
- Pros and Cons of Living in Singapore 2024