went swiss Amsterdam paris... rolex not cheaper, dun understand

[rolexenthu]

Very strange. Saw grey dealer selling euro rolex cheap but dun see any cheaper rolex here than sg. Eg 116622 at euro9600. After tax refund still more ex

[rolexenthu]

Any shifu can enlighten me

[styleman]

Very strange. Saw grey dealer selling euro rolex cheap but dun see any cheaper rolex here than sg. Eg 116622 at euro9600. After tax refund still more ex

It is not surprising. I have said a few times that it is a myth that people think that swiss watches is cheaper in Switzerland or Central Europe. It is not true.

I have bought Rolexes in Swiss only to realise they can be had for $500 cheaper in Hour Glass Singapore.

The problem with Europe is that they are extremely strict with discount and they have hordes of tourist. 3% discount for CC and 5% for cash. Nothing more. If you ask for more, they will tell you thank you very much but they have a line of PRC tourist who are willing to pay at retail price anytime. Europe is only cheap if Euro or Swiss francs are weak against SGD.

The best prices for Rolexes is HK and Dubai. Don't bother to look elsewhere. HK has a good price because they are the biggest market for Rolex in Asia. Where on earth can you find 70++ AD cramped into an island except HK? As for Dubai, they are tax free and they are very willing negotiators as long you show the interest to buy. Competition is very stiff in Dubai with Mega Malls everywhere so there is always room to discuss.

So the next time people say Europe is cheap for watches, please don't believe in that. It is however true for luxury handbags, but that's another story.

[mastermind1997]

i believe malaysia rolex ad give better deal

[Oceanklassik]

It is not surprising. I have said a few times that it is a myth that people think that swiss watches is cheaper in Switzerland or Central Europe. It is not true.

I have bought Rolexes in Swiss only to realise they can be had for $500 cheaper in Hour Glass Singapore.

The problem with Europe is that they are extremely strict with discount and they have hordes of tourist. 3% discount for CC and 5% for cash. Nothing more. If you ask for more, they will tell you thank you very much but they have a line of PRC tourist who are willing to pay at retail price anytime. Europe is only cheap if Euro or Swiss francs are weak against SGD.

The best prices for Rolexes is HK and Dubai. Don't bother to look elsewhere. HK has a good price because they are the biggest market for Rolex in Asia. Where on earth can you find 70++ AD cramped into an island except HK? As for Dubai, they are tax free and they are very willing negotiators as long you show the interest to buy. Competition is very stiff in Dubai with Mega Malls everywhere so there is always room to discuss.

So the next time people say Europe is cheap for watches, please don't believe in that. It is however true for luxury handbags, but that's another story.

The other reasoning when someone says ROLEX watches are cheaper in Europe (or Switzerland) than S'pore is when those model(s) are selling at premium prices in S'pore. Thus, the Europe pricing becomes cheaper if they sell those model(s) at the retail prices. For example, the local ADs used to sell the ROLEX Daytona at premium prices for up to 20K at one time. So if you were at Switzerland during that time, and since those Swiss ADs were selling the Daytona at retail price, then you could say the watch was cheaper there than here.

Right?

[raystinger]

My experience in Dubai was that that Rolex is not cheap and after conversion its more or less the same as in SG. Insignificant price difference. But I did not attempt to negotiate with them because I assumed they have throngs of PRCs and other tourists from nearby oil rich states that will be more than happy to pay full retail price for them.

[Ian Limm]

Agree with styleman for brand new Rolex, HK is the cheapest in the world!

I was in europe last year, milan, zurich all the Rollies there more ex than Singapore.

[chronomat01le]

Generally the above are all correct. Buying watches in Switzerland or abroad is more of buying "momentos". The only exception is for new models which are selling at premium prices in Singapore. Even if you are willing to pay for them, they might not have stocks on hand but you can find a couple of them in Switzerland. You gotta calculate yr exchange rate and compare which is cheaper. So far my experience is that their retail prices are a little cheaper especially in Switzerland. However if you pay via credit card, the charges might cause you to end up paying more, not forgetting that price control is stricter there and you can get better discounts in Singapore if you have good relationship with the AD. As mentioned the only exception is for new models since you will have tax refund overseas. For Switzerland, one advantage is that you pay the net amount after deducting tax, unlike other countries where you have to pay full amount before tax, which later the tax amount will be refunded to yr credit card, which will cause you to incur charges 2 times and increase your net purchase price. It must be noted however that other Europe countries have higher tax rebate than Switzerland. So end up for the purchase price might be almost the same.

Whichever the case, gotta do a bit of homework before going overseas. Personally I like buying watches overseas as I buy them as momentos for my trips. As long as I am paying a reasonable price I will be happy. I bought my Batman last Oct at Switzerland and after conversion is about $10,900 without taking my credit card rebates into consideration. Although many might have bought it at a lower price than me, I feel it's ok because the retail price in Singapore is $11,670 and to enjoy about 5% discount for a sports model is reasonable for me.

I guess Rolex wants their prices to be controlled and standard regardless of countries, however Asian countries "spoil market" because I believe they are more hungry for business.

[praha335ci]

If you know the AD they are actually willing to discuss discounts and it will be significant discounts which make it significantly cheaper.I know the owner of a AD in Milan and am willing to make the recommendation. Feel free to message me if you need to contact details.

[sys12345]

Not cheaper because u are NOT looking at the right places. Dont bother with Switzerland unless u simply love to spend more for a Rolex. It is possible to get better priced Rolex watches in Amsterdam as compared to Singapore. I've bought one in 2012: http://forums.hardwarezone.com.sg/eu...p-3908727.html. If u must have the absolute best deal, visit Italy.. Milan in particular. Their VAT is now at 22%. Once u become a regular there, u can even get most of the VAT back!

[ken21sg]

Than how come the grey dealer here in Singapore Rolex Club are selling Europe AD watches at much cheaper price?

[ken21sg]

Than how come the grey dealer here in Singapore Rolex Club are selling Europe AD watches at much cheaper price?

Btw Korea full gold Daytona is cheaper than SG.

[sys12345]

There are many reasons why some grey dealers here in Singapore Rolex Club are selling it cheaper than Europe AD. Do u know the history of the watches at the grey dealers? When was the warranty registered? Are u 100% positive that the watches were not pre-owned?

Than how come the grey dealer here in Singapore Rolex Club are selling Europe AD watches at much cheaper price?

Btw Korea full gold Daytona is cheaper than SG.

[sys12345]

There are many reasons why some grey dealers here in Singapore Rolex Club are selling it cheaper than Europe AD. Do u know the history of the watches at the grey dealers? When was the warranty registered? Are u 100% positive that the watches were not pre-owned? Its also possible that some grey dealers bought the off-loaded watches from some ADs in 'bulk'... at prices which u will never be offered for small quantity purchases.


As the saying goes.. if its too good to be true... it usually is. Caveat emptor.

Than how come the grey dealer here in Singapore Rolex Club are selling Europe AD watches at much cheaper price?

Btw Korea full gold Daytona is cheaper than SG.

[st11_mini]

Certain models are slightly cheaper as compare to Sg simply be coz those models are not popular there but vice versa back home.

With some disc + vat rebate + conversion rate....it will be cheaper.

Having said, it only apply to certain models.

Do yr homework though