I just got my EM-5 with 12-50 kit lens from Penang at RM3770 without memory card. That's about S$1520.
At the same breath, i also got the 45mm F1.8 from the same shop at RM950, which is about S$385.
I dont think i can get this price anywhere in Singapore, Hong Kong, or US.
But dont buy Panasonic camera or lens in Malaysia,... they are much more expensive than Singapore. the PL 25mm f1.4 Summilux i was quoted RM2900 (S$1170)
Just letting you guys know in case you have any intention of buying Olympus stuff ... it's much cheaper across the causeway.