Sunday's race in the city-state would otherwise have been the last.
The Brazilian really likes the night-time, city setting of the Marina Bay Street Circuit, and is well prepared for the tough conditions that await, with the high temperatures making the race one of the hardest going on the Formula 1 calendar, according to the 36-year-old.
"Over the past decade the Singapore race has introduced many innovative elements and become an iconic and highly anticipated event on the F1 calendar", he said.
"The first ever night race in this sport is one of the most thrilling events of the year", he added.
Cars drive around a floodlit street circuit through the heart of Singapore against a backdrop of glittering skyscrapers while spectators are entertained by headline music acts.
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Singapore Minister for Industry S. Iswaran said the deal took "several rounds" of negotiations with Formula One's new owners, Liberty Media, who took over this year.
It has also contributed S$1.4 billion in tourism receipts to Singapore over the past decade and drawn over 450,000 worldwide visitors, including projected arrivals for this year's race, according to the Singapore Tourism Board.
"The Singapore race is clearly a signature race.it's also our gateway into Asia which is important for our future and our growth", F1 chief Chase Carey told reporters.
SINGAPORE has secured a deal with Formula One to keep its grand prix on the calendar until 2021.
Iswaran said the decision by Malaysia, which will hold its last grand prix in two weeks' time, had no bearing on Singapore's move to stay in Formula One.
Singapore is new territory for me, but I don't mind that at all.