SINGAPORE - Singapore looks forward to maintaining its close ties with Taiwan based on the Republic's consistent "one China" policy, said the Ministry of Foreign Affairs (MFA) following the conclusion of Taiwan's presidential and legislative elections.

"We welcome the successful conclusion of the elections in Taiwan on 16 January 2016 and congratulate Dr Tsai Ing-wen and her party on the victory," a MFA spokesman said in response to media queries.

"As a longstanding friend, Singapore looks forward to maintaining our close relations and cooperation with Taiwan based on our consistent 'One China' policy," the spokesman said.

Ms Tsai of the Democratic Progressive Party made history by becoming the island's first woman president, winning 56.12 per cent of the more than 12 million votes cast.

She won 6.89 million votes; Mr Eric Chu of the Kuomintang (KMT) got 3.81 million and Mr James Soong of the People First Party took 1.58 million.

The MFA spokesman added: "Singapore supports the peaceful development of cross-strait relations. We hope that both sides will build on the hard-earned achievements over the last few years, and continue to engage in dialogue and mutually-beneficial cooperation for the benefit of the people on both sides of the Taiwan Strait.

"These efforts will contribute to the peace and prosperity of the region which will be welcomed by all."