The Rolex has the same list price after currency conversion.
Take for an example a Rolex Explorer Ref 216570 is selling SGD$10,500, that include Singapore GST 7%, though you can claim back if you return to Singapore.
That still makes the retail price SGD$9,925, which is with the current exchange rate 1 SGD=6.3 HKD, it is HKD$62,700.
Whereas in HK, the same watch is selling at list price HKD$60,500, subject to a walk-in discount of 5%. That is net HKD$57,475, in case you get a VIP discount of 8%, that will be HKD$55,660. that make the same watch cheaper by HKD$7,050 provided you can get back the GST 7%.
I went to Fort Rolex AD at Fort yesterday and I found out that the Price of GMT Master II ref 116710LN is Peso 398,000 with standard walk-in discount of 10%, that will be Peso 350,100 after Peso-HKD conversion, it is HKD$67,326. There is no way the manager could give me more anything than 10% dicsount.
Whereas I can get a GMT Master II with List price HKD$61,200, walk-in discount of less 5%, that is HKD$55,080, in case of VIP discount, someone can get less 8%, that is HKD$56,304.
The Saving of HKD$11,022; that is a big chunk of saving if you buy it in HK!
Also I have corrected my earlier saying that Philippino like Daytona White dial more, in fact after my survey, Philipino likes Black dial more than white for Daytona ref 116520 and Stainless steel Daytona is quite hard to be found in Manila.
In the shops I visited, I can see the variety of Rolex is much lesser than in those shops I used to go in HK.
In the Rolex AD I visited yesterday I can not find one Submariner Black dial ref 116610LN. I could not get a Milgauss Green Glass ref 116400GV, I can not get a Stainless steel Daytona neither black or white, and the Choice is far too limited for watch collectors.
However according to shop manager, she had just sold one Yacht Master ref 16622 With blue dial, and still I could see on 2012 latest version of Yacht Master White dial.
The Rolex AD has not so many model for you to pick, the most common one is Date Just Two Tone as Chinese like this model most, the price is easily 20-25% higher than you get it in HK after RMB>HKD conversion.
Malaysia, Thailand and Indonesia
I think the Rolex is more or less 15% higher than in HK especially in Indonesia, Thailand.
Malaysia is pretty close to the price of HK, still it is 10% higher!
Australia and USA
From Friends of my blogs who comes to HK to buy Rolex, they can buy two Rolex at one time as they said Rolex in Australia is very expensive. And mush lesser choice for them to choose.
Friends from States coming to HK as Amy was the best example, she but 5 Rolex watches in 2 days, three Milguass and two Rolex Oyster plain bezel with diamond bezel.
So if you have time, and if you are not urgent, try to wait for your next trip coming HK for Rolex Shopping. Before that, you can do some survey for the exact model and price in your country and I think I can help to provide you the latest price in HK and availability. So that you can feel that what I am trying to say is Right.
As I say shopping is not just you submit your VISA card to the shop keeper and get your stuff, though someone said the moment sweeping the credit card is the greatest moment of happiness amongst the all process of the purchase.
The greatest fun is the process of searching the best deal with your budget for the best watch you like!