I believe Hong Kong is a lot less heavy-handed and controlled. It may be crony capitalism, but, at least, it is capitalism. Singapore, actually, is demonstrating that central planning does not need to lead to penury.
Half of Hong Kong's population live in government subsidized housing of some sort. The other half pay the highest rents in the world. Even under British rule, the government still intervened when necessary. The Commies were always looking for opportunities to exploit grievances, after all. And, since the handover, intervention has markedly increased. Where else in the world, does the government own a majority stake in a Disney resort?
Sure, anti-government activists don't get sued on phony pretexts in Hong Kong, nor is the right to protest so regulated to be dead letter. But the place is Singaporizing in more subtle ways: the unfair electoral system was the proximate cause of last year's protests. Newspapers which criticize the government find it difficult to attract ads from conglomerates who are reluctant to upset Beijing. The leaders of many social organizations (universities, trade unions, etc) have been steadily replaced by those more friendly to the government. And I guarantee you that the students who led last year's protests will undergo a very difficult job search.
Unfortunately the bureaucracy's competence isn't Singaporizing.