Had the same dilemma 2 years back and end up with Cerato
Never regret
I have a bigger car, better tech, and sleeker design
The downsides are not much power on the 1.6 and the FC definitely can't match City.. but if highway driving still ok.. managed to clock 600km++ for full tank (50L)

well i have one thing to add to this..... i suspect HengEkHan wants a NEW car.... and if this is the case things are slightly diferent now....
HengEkHan, i think its fair game if you want to open a new thread, the all have been revamped now (vios especially, experienced a massive change compared to when this topic was opened)...... The cerato is larger, i would give it that much, but if you are looking at the baseline models, i think you can just pass on it. I believe it doesn't come with all the safety features unlike the base models of the other 2 (pls check)

Of course cerato more value for money but dont expect the running cost same as b-segment like city, vios. The running cost i mean is like the fuel consumption, tyre price are same as civic altis category since cerato is c segment car. If you willing to fork out abit more for this cost you are good to go. If not maybe you can consider rio sedan.