I have extended family in Singapore. I can assure you that the approach is not some libertarian utopia and neither is it some oligarchic capitalistic system sucker.
It is designed to be practical and constantly adapt to reality.
Today, that means a mixed economy. That means basic human decency will be taken care of by government, the remaining is market driven.
This means housing, food subsidies, education and healthcare is readily made available by the government, not just through price controls. Look up property rights there.
That means high taxes on vehicles, use it to develop a world class mass transit system.
That means, lower taxes on foreign businesses to come operate in Singapore, no xenophobia shown to skilled workers (barring their geographic limitations). This has the consequence of raising high value domestic activity, thus providing locals jobs.
They cannot accept refugees because of size.
That means they absolutely want to be integrated with the outside world, because they realize they absolutely cannot produce everything. Again, can't have xenophobia.
That means lower income taxes because the government doesn't need more money. They have already ensured that cost of living (housing and healthcare) is so low that no one will be bankrupt with routine medical procedures or no insurance scams and medical codes that will suddenly no the covered.
Frankly, sometimes people forget how much work the government has put in there to actually make life so easy that the government doesn't need to be the frankenstein like US govt is.
It's a matter of approach. The government wants to take care of people, not leave them wondering if they will be covered in the next crisis.