Let’s exclude the top 1% of Malaysians here, for me there are 2 groups of affordable watches:
Japanese Affordable: Seiko, Citizen, Orient, etc, range rm1k - rm3k
Western Affordable: Tissot, Mido, Hamilton, etc, range rm2k - rm6k
So a decent automatic watch with good time keeping (accuracy), I would say it will be ard rm5k - 6k, personally I am a big fan of entry level Ball watch with COSC at this price range.