I’ve lived on both the East and West sides and have always had next-day shipping regardless, at least since 2021 anyway. There have been a few items that have taken 2-3 days - particularly recently with the holidays - but that’s been the exception, not the rule. I’ve even seen same-day shipping for a few items recently but I think that’s charged.
It’s unusual pricing as Singapore (rather notoriously) has a high cost of living and a lot of wealthy people kicking about. Usually digital service costs are comparable to US/European prices. There are a few other online shopping options (eg Lazada and Shoppee) that could be regarded as incumbents with likely higher market share, hence my suspicion on the predatory pricing, just as you say really.