COE prices spiked sharply at yesterday tender. For cars up to 1,600 cc, an increase of 36.5% to $28,389. I was fortunate that I made the right decision to book my current Toyota Altis in Feb last year. At that time, COE price was only $1,020. I eventually bought my car at $52,000 with an COE value of $4,890. I think a Toyota Altis should cost more than $75,000 now.
It was reported in today's Straits Time that it costs $85,000 for a Toyota Altis now. That is $33,000 more than I paid for just a year ago!
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