Mr Goh made the announcement on his Facebook page, which has since been covered in media reports.
He has yet to announce his party members.
Mr Goh also took to his public Facebook page to assure voters that he is not looking to slug it out with other opposition parties in three-cornered fights in the next general elections, as his “new party will not field too many candidates and most importantly, these are known faces”.
“Those WP people and supporters somehow have this apprehension about PPP because they think that I will definitely go into 3 corner fights with WP! Some even think that I may just go and contest in Aljunied GRC since WP is now facing confidence crisis over there. I can safely tell you guys that I am not someone who will rob the victims when there is a fire.
…PPP is formed basically because we do not want to DISRUPT other existing party’s management. Most of us have been through the difficult times of integration when different groups of people come into one party. We do not want to waste energy and time on such matters again.”
Mr Goh had previously contested in Aljunied Group Representative Constituency in 2006 under the WP ticket.
Historically, opposition parties in Singapore have been keen to avoid three-cornered fights during general elections, as this tends to give the incumbent People’s Action Party the majority of the votes.
Mr Goh also indicated that PPP will be grounded by strong philosophical and political ideologies, something that he said he agreed with Second Minister for Foreign Affairs Masagos Zulkifli that he found lacking in political parties.
Mr Goh noted “worrying signs which are working against (the) opposition as a whole”, citing examples such as the tightening of internet and new media space, and the continuing town council saga.
He said that these incidents erode “voters’ confidence in opposition as a whole” and that his party hopes to “re-establish the lost confidence by doing our part in making sure that our selection of candidates are worthy ones”.