When we went to Singapore last week, two of the destinations that my Brother-in-law headed to were the Sim Lim Square and Funan Mall, two renowned shopping centers where cheap electronics and gadgets abound. He was so keen to buy an iPad 2. The price would have been a lot cheaper compared to selling prices here in Manila or in Qatar however, stocks are extremely low. This triggers the sellers to peg it at higher prices..(read: the law of supply and demand). He decided that he’ll buy it in Qatar instead since the rates are almost the same. He just bought a new smartphone, (I forgot which htc sense model). He got for just about SGD800+ inclusive of 7% GST which he was able to refund at the airport before our departure.
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