The People's Action Party (PAP) wants to remain a dominant party anchored in society - without dominating in all areas, said Deputy Prime Minister Tharman Shanmugaratnam.
It can do this as an open political party, he said, that galvanises a diversity of views and ideas, including critical opinions.
"I believe we can play a dominant role, retain a dominant position without wanting to completely dominate," DPM Tharman said in an interview with The Straits Times.
"It's in Singapore's interest that you do have a dominant party, but it's got to be one that's open to diversity, welcoming of a responsible opposition."
With regards to the rising property prices, DPM Tharman said that they although property prices remain high but they are moving in the right direction. The Government has no plans for another round of cooling measures for now.
The Government is determined to lower the prices of homes relative to incomes, he said, but does not want to cause a crash in the short term.
“We’re not planning another round of measures, but it depends on market conditions,” said Mr Tharman, who is also Finance Minister.
“We’re determined to achieve our objective of having prices come down relative to incomes. And that can be achieved both through income growth as well as some stabilisation or even cooling of prices."
Mr Tharman was replying to a question on how the Government can manage inflation in a wide-ranging video interview with The Straits Times.