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Simply put, because socialism doesn't mean no one gets to vote.
Singapore operates on a parliamentary system (like Congress in the United States). The parliament is elected by the people based on locality, and those members of parliament represent the will of their constituents in government.
Singapore's government is democratic, and their President is elected by the people in a direct vote, just like the United States.
Singapore is deemed a "hybrid" of socialist and capitalist economic structures by most economists, because it has many areas that are regulated by their federal government.
Despite this however, Singapore does allow private enterprise, private investment, and private wealth including property.
Essentially, it's a blend of capitalism and socialism economically, but it is a democracy in terms of the functions of government.
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