The Malaysian Insider, 18 Nov 2012
SINGAPORE, Nov 19 — If you have always wondered why that chair from IKEA or that pair of jeans from Gap is priced higher in Singapore than some other countries, you are not alone. The Monetary Authority of Singapore (MAS) seems just as keen to find out.
Calling a tender to conduct a consumer products price comparison study earlier this month, the MAS said: “Despite these goods being exactly the same in many instances, the law of one price does not appear to hold. Anecdotal evidence suggests that prices of IKEA products and mid-range apparel, including Gap and Abercrombie & Fitch, are higher in Singapore compared to many other countries.” Full story
Relaed:
iPhone 5 cost more in Singapore than US and Europe