SINGAPORE (Sept 14): UOB Kay Hian advises investors to look for the Singapore government's actions on transport and housing after Prime Minister Lee Hsien Loong's People's Action Party was voted back to power with a stronger vote share.

The firm says it will watch for the announcement of the next Transport Minister following the departure of Lui Tuck Yew, who did not contest.

In the transport sector, the government may offer greater clarity on a railway financing framework while in the case of property, it may wait for prices to fall more before relaxing some of the curbs on real estate.

The strong mandate will "allow the government to adopt less populist measures and maintain a balance between keeping the economy competitive and doing more to help the less privileged," UOB Kay Hian says.

The ruling party won 83 of 89 seats in Singapore's parliament after the general election on Friday.