Want markets? Hong Kong is market city. The people are awesome with kids...while I havent been with my kids yet, have been with friends who had toddler and babies and the people, markets, eating places are just great.

Public Transport is a breeze (and dirt cheap) and not that crazy always-packed thing you get with other Asian cities. Outside of business peak hour, it's easy as.

We're currently planning our next trip there - and to take both kids (so will be toddler and very young baby) - will rent a place in Discovery Bay (a self contained appartment so we can cook and launder if we want) and commute on the Ferry (becuase the bus takes longer...but to get to DB from the Airport, you can take the bus). From Discovery Bay you can also see the Disney fireworks every night :-P

Only reason for going Discovery Bay is that there will be a bit more room inside the flat for the kids than in central...and commuting to central is so easy.

When we travel with DD our base is only a place to sleep and wash clothes...we eat out most of the time and spend most of our days exploring.

Not sure about central (because haven't stayed there), but in Discovery Bay, if you need a qualified babysitter/nanny at short notice with excellent references, it's very easy to get...lots of expat families in Discovery Bay with kids.

Can't say enough good things about HK...DH and I would move there in a second and not bat an eyelid at raising our kids there if he got a job there.