Most of China development is sui generis and not replicable elsewhere.
It's too easy to get tied up in political labels, when any hybrid of public and private support for those helps growth. None of political ideas has an exclusive lock on providing the factors. At this point, I really don't think any political system guarantees the development outcomes, there are examples of all labels which fail one to all of those progress factors.
I lived there, Mister Confidently-Incorrect!
It sounds like you're saw Singapore Fun Facts once, and in your mind it permanently excluded any other place from having similar features.
* Like I said, Hong Kong does have a significant sovereign wealth fund that ranks in the top 10. [0]. It doesn't stop mattering just because Singapore runs a bigger one.
* Here's a article from 2021 with a nice stacked-graph showing 45% public housing [1], close to the half I mentioned.