Education is one of the keys for future development. The 21st century is characterized by increasing attention to education as a sphere of broadening influence, developing "soft power" and increasing economic potential. In case of Singapore, education is the most important thing to ensure economic development through improving workforce skills. The article highlights the main directions of Singapore's higher-education development. According to the authors, it includes individual approach, attracting talent, international standards, lifelong learning. Authors focus their attention on Singapore's three initiatives-Smart Nation Singapore, Skills-Future. Authors conclude that Singapore's higher-education development can make useful example of attraction of foreign talent for economic growth of the state. The article introduces the higher-education system in Singapore since its independence. Authors focus their attention on educational development, main features of higher-education system.