Summary: STI is indicated by the dark blue line while the pink line with blue crosses is for the URA index for condominiums the other lines are for detached semi detached terrace and apartments You should be able to see from the 2 graphs that the property bottom in end 1998 lagged the stocks bottom by about a quarter i e 3 months Similarly the property peak in mid 2000 also
Image Dimensions: 420 x 220
Image originally found here.