Lloyd faced court in person this afternoon where he was supported by a local lawyer, ABC news boss John Cameron and a friend.
The well-known journalist wore an orange prison jumpsuit and appeared thin and drawn, with his hands cuffed behind his back.
The judge took brief evidence from Lloyd’s Singaporean friend who said the foreign correspondent would be under his “charge and care” if released.
Mohamed Mazlee Bin Abdul Malik told the judge he had known the 41-year-old since mid-2007, and knew his family, wife and childen.
The judge granted Lloyd’s release with additional conditions that he report to police three times a week, and remain contactable to authorities.
It is understood Lloyd will be released from the Subordintae Court precinct as soon as the paperwork is completed.