Yes, holding a work visa in Singapore can lead to Permanent Residency (PR), particularly for Employment Pass and S Pass holders. After working in Singapore for a sustained period, usually several years, applicants may apply under the Professionals/Technical Personnel and Skilled Workers (PTS) Scheme through the Immigration and Checkpoints Authority (ICA). Approval is based on factors such as salary, length of stay, qualifications, and contributions to the economy. While not guaranteed, PR status offers long-term benefits, including the right to live, work, and purchase certain housing in Singapore.