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I applied for and was granted my card while a resident of Singapore (P1 work permit). Applied through DIMIA back in Australia - credit card payment with application in thepost and so problems.
At Hong Kong, there are the queues for "residents" and permanent residents" I recall (the right and farrrr-right). APEC card can only be used in the right lane and NOT the farrr-right. (Same line as if you held a working visa).
As for which country you apply through - the card needs to be issued by the same country as your passport (your passport number is recorded on the APEC card). So if you have a HK (or JP!) passport, and you travel on that passport frequently, go for it.
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