Originally posted by rayman
If you're lucky and have the know-hows, you can find what they call shui3 huo4, literally 'water goods' cos it's smuggled into HK.
Of course, you don't get things like warranty. But hey, I've had 3 two bodies, 3 lenses, a flash and a cable release for a few years now and I've never used my warranty card.
It's basically your call if you want to spend (up to) a few hundred SGD less for lack of warranty.