Rising prices: Is it just me or the prices are simply out of whack?

[theseira]

With the ringgit nosediving and the somewhat slow responses from watch brands with the price adjustments.
Brands that have adjusted the pricing couple of months back cannot keep up with the fast declining of the ringgit.
Watch prices in Malaysia is currently looking pretty good in the grand scheme of things.

Say if I were to walk into an AD to pick up a Submariner at rm28k retail... that's usd6600...
And the same watch is suppose to be selling at usd8550 retail... in today's exchange rate... thats a whopping RM36200!!

In the last couple of months. as far as I know, Zenith, IWC, JLC, AP have revised their pricing.
Even as of now, their prices is still a steal in comparisons to their US or even Singapore counterparts.
Now coming 1st sept, AP and Cartier will revise their pricing.
What if the ringgit continue to tumble to 4.7 or 4.8 or even 5 in the next three months?
By the time the watch brands decide to revise the prices, many ppl would have walked away feeling they got a good deal.

Very good point! yes bargains to be had here but what if your stocked up with RM!!

[Friedrice]

It has been 3 months since the implementation of GST, and coincidently 3 months since my last watch purchase.
My hands are getting itchy and I visited some ADs and pre-owned shops a few days back.
I was shocked to find out that prices are now at least 15% higher versus Jan 2015.
While a rising price is understandable, in view of the 6% GST and weakening Ringgit, the quantum is, in my view out of whack. Especially considering the weaker economic environment (Malaysia as well as China, the biggest watch buyers)

I find it very difficult to convince myself to spend at least 15% more to buy the same item which I can get for a cheaper price barely 3 months back. This, and the fact that I can now buy any shares (Malaysia or HK-listed companies) 10-20% cheaper (vs 3 months ago) suggest that I should put my money in shares instead.

I think it will take me a long time to gestate the recent price hikes, how about you? Buying anything soon?

+1. Pulled the trigger on a Sub C Date as I missed my old one. And had to pay 30k for one! 

[Yoda]

Ouuch that's really hurt. 3 years ago I saw someone mentioned its only about 3 quarter of the price you get and now has shot up so much. Its better than FD saving definitely

[Friedrice]

Ouuch that's really hurt. 3 years ago I saw someone mentioned its only about 3 quarter of the price you get and now has shot up so much. Its better than FD saving definitely

Yup. They are charging a premium of 1500 ringgit on top of MSRP for Sub C Date.

According to the salesperson in the boutique, the Singaporeans and Mainland Chinese are invading our shores for cheap watches.. Weak ringgit coupled with the additional 6% discount when they leave the country..

[pexus]

Ouch ouch ouch. The green cousin was selling less than that few month ago.
Last I visited few weeks ago, a local AD had sub and subdate at rrp.  Probably all gone by now.


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[chrisyen]

Buy

Ringgit will not recover to previous level in coming yrs

Watch price especially popular brand and models will not come down for that even ringgit climb back

 


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[Cwlwatch]

Yes buy now..
Just like fuel prices up many thing will came up
Fuel prices down everything prices remain

[ck77]

Just adding to the note, best way is sell you watches in USD, buy locally before price adjusted and stock run out.