I suggest to use 2 EV-sites.
This depends a little on if your users move around a lot.
Set up HK as 1 ev-site, and sg as 1 ev-site. This will be seperate archiving sites, has nothing to do with AD or Exchange.
If your directory server (sql) goes down/unreahable = no ev.
If you split, you run risk of loosing only half. When you use 80Sp4 (or 9) you get move archive, makes it easy to move archive between (ev) sites.
High-availablilty - sql cluster, exchange ccr (or DAG in 2010, but then you need ev9), and ev clustered too.
I advise to involve Symantec, or a partner, who will have done setups like this more often!
Regards. Gertjan