The incident came to light on Monday after police found the body of Palwinder Kaur lying on the floor of the high rise building where she worked. She was later pronounced dead at the scene by para-medics.
Palwinder worked at a house on the 14th floor of the Bedok Reservoir View apartments in Eastern suburbs of the city, police said.
Kaur was caught stealing twice from the house by her employer and was about to be repatriated. She pleaded her boss against doing so as she had loaned a large amount of money to come to Singapore, local media reports said.
The maid was also heard crying in the house before she committed suicide, a Chinese daily quoted a neighbour as saying.
Further investigation in the case is underway.