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I've seen (at least in prior decades) a similar phenomenon where certain more laissez-faire US folks talked up Hong Kong's reputation for business-friendly taxation. Yet the other necessary parts of the system were glossed over, like the massive sovereign-wealth fund, or how half of all housing was government-run or subsidized.

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You're mixing up Hong Kong and Singapore; Singapore is the one with the massive sovereign wealth fund and subsidized housing.

> You're mixing up Hong Kong and Singapore;

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.

[0] https://en.wikipedia.org/wiki/Sovereign_wealth_fund

[1] https://www.chinadailyhk.com/hk/article/249172

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