Concur. Once a person earns above a certain amount, standard of living in Malaysia becomes quite decent and on par with developed countries. I like the example of Japan for comparison. Once the person earns say above RM 300K pa, if the person visit Tokyo, he or she will not find Tokyo expensive.
Then again, I highly suspect it is because the at RM 300K pa, that works out to be around Yen 7 mio, which is like double of Japanís average pay? It is still all about being above the average.
So one solution for Malaysia, which exporters will not like, is to improve on our exchange rate.