[Jonbuford]

Hong Kong is pretty much the same in those aspects, but larger population and more mountains. The government money for startups in Singapore has created an environment that is not entirely healthy or desirable in that there is little incentive to succeed or be that creative. Hong Kong has some government funding and space available, but tends to be in a matching funds arrangement.

[jacques_chester]

I think you're right that Hong Kong is a comparable alternative; I've seen the two referred to as the Asian equivalents of New York and London in terms of their importance to Asian capital markets.

For myself, as an Australian, Singapore is more attractive because of its proximity.