Tuesday, October 30, 2007

Purchasing power - Malaysia vs Singapore

Incase you do not know, the price of a vehicle is Malaysia is almost the same as its cost in Singapore. For example if you buy a Toyota Altis in,

Malaysia, a check at http://www.toyota.com.my/ show a price of RM 102,514.80.


Singapore, a check at http://www.toyotasingapore.com.sg/ show a price of SGD 58,988.


If you drive across causeway and up north, the cost of the car in RM will be 58,988 x 2.3 and, it work out to be RM135,672. Its about 30k more than it cost in Malaysia.


Well imagine that there is two of you, one working in Malaysia and the other in Singapore and doing the same job. One earning RM 3500 and the other SGD 3500...


Ermm... its pretty obvious that who has more purchasing power isn't it? My question is why can't the car in Malaysia cost cheaper so that its affordable to the 'rakyat'?