You can't just data this stuff. There's so much nuance and context in the data that it's very hard to compare countries.
Singapore is militant on testing everyone. This presumably gives a high fidelity on the "true" spread of the virus.
What is also true is that Singapore has been extremely militant on isolating and controlling the virus. Their staff have ample PPE and their hospitals have very successfully isolated covid positive patients. For instance, anyone positive here is quarantined in a govt run facility and cannot return home until testing negative two days in a row. This may have recently relaxed but was true throughout circuit breaker/lockdown. I believe they are also trying to partition covid patients from non covid patients at the hospital level. (eg NCID)
Both anecdotally from frontline doctors, and from reading various news reports, a big problem about the first wave of covid was how the problems can snowball. Hospitals were very easily filled up with sick patients, but worse any existing patients could very easily catch covid. For example cancer patients who are immunocompromised.
So the lethality of the disease is actually a function of its local penetration as more people die if hospitals effectively experience cascading failure.
My understanding is that tipping point is quite fine, this is especially true back in March when everyone was still hoping it wouldn't reach their shores, and hospitals had very limited space for isolating covid patients and for treating patients that required ICU.
While hospitals have been empty I also know that hospitals have become extremely aggressive at not accepting patients. For example, my friend's mother was bedridden for a month but was never seen by a doctor. Meanwhile you have people dying at home and in care homes, so I think "hospitals are empty" doesn't tell the whole picture.