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I think SG has a rapidly growing film industry, and the best part is how much it is supported by government initiatives like grants from the Singapore Film Commission and tax incentives. The incentives are there for both local and international productions. It’s also got a vibrant arts community. Some organizations like Objectifs foster collaboration and mentorship through events such as the Singapore International Film Festival and Industry Days are great networking opportunities.
There are a limited number of films being produced in Singapore. Creating content that resonates with the local population is tricky, and this already competes with other content on Netflix, Hollywood, Korea, China, HK, Taiwan etc. I’ve not heard of any film maker from Singapore winning prizes at Cannes. It’s a niche career that has limited potential for success.