The number of trips ending in indiscriminate bicycle parking has fallen significantly from 44% to 13% since the introduction of the QR code parking system.
Commuters will be able to continue using bicycles from bike-sharing firm Mobike, even as the Chinese firm leaves the Singapore market.
The Land Transport Authority said it received licensing fees from six firms which will together operate 40,500 shared bikes.
The Government has issued new guidelines that require all new private developments to provide bicycle parking spaces.
Bike-sharing users who park indiscriminately more than three times will be temporarily banned from renting from all operators for a full year.
The Singapore-MIT Alliance for Research and Technology has found that dockless shared bicycles are only used for half an hour a day on average.
Bike-sharing firms in Singapore will soon come under a licensing regime as part of the Land Transport Authority's plan to curb indiscriminate parking.