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Terminal 3, which boasts a five-storey vertical garden with waterfalls, will receive its first passengers just months after a new terminal opened in Hong Kong and more than a year after Bangkok's new airport began operating.
Aviation industry competition is intensifying in a region where airline passenger growth is projected to increase faster than the global average.
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Analysts say the new terminal will boost the appeal of Singapore's Changi Airport -- particularly compared with its key challenger in Bangkok, which has been plagued with problems since opening in 2006.
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"It will push Singapore further ahead of its rivals," said Shukor Yusof, of Standard and Poor's Equity Research.
Built at a cost of 1.75 billion Singapore dollars (1.
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22 billion US), Terminal 3 offers 380,000 square metres (4.
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1 million square feet) of space in a seven-storey building.
It can handle 22 million passengers a year, bringing Changi's total capacity to about 70 million, airport operator the Civil Aviation A