I needed to refill some of my SMD stock so I went browsing around some of the usual online shops like Elemen14 (Farnell), Mouser and Digikey to find some good deals.
After a bit of browsing I found out that I can get a full reel (5000 pcs) of 0805 resistors for $9.50 from Digikey 10K0805 + $40 in shiping to Malaysia + most likely an additional 20-30% in import duties and taxes. If I just get one reel i think it will slip through customs, but $40 in shipping for $10 of stuff doesn't sound too good to me. Getting 10-15 reels to lower the shipping cost per reel would most likely invoke the wrath of customs :-)
The two major suppliers operating locally here in the region are Element14 and RS. RS is very expensive but Elemen14 isn't too bad even if they have considerably higher prices than Mouser & Digikey in the US. Element14 have free overnight courier shipping from their warehouse in Singapore to Malaysia which is definitely a plus.
A full reel from Element14 is normally about RM 124 ($41) - four times as expensive as Digikey! Man, sometimes I really wish I lived in the states...
Of course getting smaller quantities on cut tapes is possible, but the price per resistor then gets ridiculously high. But after some more browsing I found a number of values that were really cheap even in the cut-tape versions as long as you get at least 250 of them.
For instance 22K 1% 0805 is RM 0.01 each. For 1000 pcs the total cost is RM 10 ($3.30) or $16 for 5000 pcs as in a full reel. This is actually not too bad. There are only like a dozen of values with this price, but many of the values are quite usable like 120Ω, 1K, 22K and 100K. Full list and links can be found on my jellybean page.
If our're brave enough you can actually buy reels with 0805's directly from China from one of the many stores in Taobao. $4.60 for reel of 0805 1% or $3.80 for 5% is definitely a good price! You have to use a re-shipping agent that will add 5-10% to the total price for their services but still..... :-)

