The general election will be the first since the death of Singapore's founding father Lee Kuan Yew earlier this year. The city-state this month celebrated the 50th anniversary of its independence.
Read MoreSingapore at 50: From early-adopter to global leader
The People's Action Party (PAP) has ruled the wealthy Southeast Asian city-state since independence in 1965 and its ability to shift the economy away from export manufacturing to a high-value services and investment-driven growth model has been crucial to Singapore's success at transforming into one of the region's few first-world nations.
The country's one-party system may be unusual to other developed economies but it is one that benefits all of Singapore's residents, said Lee, who is the son of Lee Kuan Yew, at a conference earlier this month.
Despite this, the opposition, which is made up of nine active parties, will contest all 89 seats – the first time that this has happened since 1963, according to local media outlet Channel NewsAsia.