The 91-member house is headed by Prime Minister Lee Hsien Loong, the son of Lee Kuan Yew, who has led Singapore for more than a decade and has said he will be looking for a successor among lawmakers.
His ruling People's Action Party won 70 percent of the vote last September and occupies all but eight seats in the house.
Gillian Koh, a senior research fellow at the Lee Kuan Yew School of Public Policy, said Friday that key issues for the new government include economic uncertainty amid a slowdown in China.