If a chart like that can predict property up & down, then very easy to get rich & make money.
There is lot of different between 2000 & now.
Population already big difference, our target now is 6M & yearly 80000 of immigrants & PR, plus another 80k of foreign talents, do we have this in yr 2000?
We are undergoing transformation now, what is 2000?
Inflation is different too, loan rate, rental yield.....
Demand & supply is totally unbalanced in 2000, there is excess of 18k of HDB at that time. Some units still keep until now. This is a big lesson HDB must learn, never over-build, waste of taxpayer money, we will challenge them if they make same mistake again.