Companies may start moving their Asia HQs to Singapore en masse.
Singapore wins just by being open, competent, non-corrupt and there.
Having North Korea a stone's throw away doesn't exactly help either.
Singapore's laws can be strict, to a fault, but caning has never been a punishment for chewing gum. Regardless - they are a known quantity and more or less fairly applied, and if the citizens really didn't like them there's a mechanism to have them changed. If China was anything close to having a system like that, we wouldn't be having this discussion!