But a deal beyond this weekend's event has not yet been agreed, with Singapore being allocated mere provisional status on the 2018 race schedule.
F1 chief executive Carey said on Wednesday: "We are actively engaged with our partners. Our goal is to reach a new deal.
"We have a great relationship with our partners, a deal has not been concluded but discussions are still ongoing," he told the local Straits Times newspaper on the sidelines of a sport conference in Singapore.
Carey continued: "Singapore anchors our Asian strategy, it is the signature race for Asia.
"This is the marquee race and our goal is to renew the contract. It is certainly a race we are proud of."