I asked this question in the Wisdom of the Crowd:

Is the smart city project making good progress

Here are the responses: (76 Votes)
62 % - It will be another disaster, due to poor management.
20 % - It has created a few initiates that are struggling.
18 % - It has made a small impact and need more time to be fully implemented.
0 % - It has launched several initiatives that are doing very well.

See the pie chart at: 
http://www.wisdomofthecrowd.sg/chart.aspx?ID=1027