COE was around 30K in the first year of COVID. Not exceptionally long ago. We have a continental car we bought at the end of 2020 with a 41.5K COE; we paid less in total than what a base-model Corolla costs nowadays.

Thanks for explaining.

Covid was special. We also rented a shop house at the height of Covid (late 2020) and paid as much per square metre as we previously had paid for HDB.