The world number five has been in fine form this year and was a finalist at the Australian Open and Wimbledon.
But the veteran will finish 2017 without a title after Wozniacki prevented her from regaining the Finals trophy she won nine years ago.
"I didn't seem to come up with my best tennis until it was too late," said Williams.
"I love being here, it is an honour. Only eight players get to be here and I hope to return."
Former world number one Wozniacki saw huge success on her serve on the slow surface in Singapore, ending with a tournament-leading 21 aces.
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