Im sure majority here collects TP just for redeeming miles and not for buying stuff as most of the stuff in the catalogue are expensive or even marked up.

But its up to you... Its your points so you can decide.

For me ill definitely collect to redeem biz class tickets for my family within 3 years or less depending on my spending

I have never and would never buy stuff using my TP because the yield is so bad.

How many TPs are you using up? I saw a Versa on Superbuy is 465k TP, which is slightly more than 100k airmiles (assuming they're all from M2P cards), which is definitely more than RM800. Maybe you can redeem a ticket and sell to friends and family who need to fly?

For example, last time I checked (from memory), it was less than 80k Krisflyer miles for economy return ticket on SQ to Europe. You can also check the Spontaneous Getaways for better deals.. Surely can find someone who needs to travel?