After 2 years of launch, I finally get to try the Airbus A350-900 XWB. SQ 327 was originally operated on a 77W which was changed to A350 since 2017. With the change, Munich no longer has any First Class.
Singapore Airlines fly out of Terminal 2 (while the S-Bahn stops at Terminal 1). There is a Priority Security screening line for Business Class passengers and once through, you will be in the Schengen Area. There is a Lufthansa Lounge in the Schengen Area but international travellers need to use the one that is located after the immigration screening (which unfortunately has no priority line).