Taipei’s residential prices may rise 15% in 2010, more than in Singapore, Hong Kong and China, because there is more competition among homebuyers in Taiwan’s capital, according to CLSA Ltd. analyst Tayher Lim.

An increasing number of would-be buyers and smaller sites being auctioned has led to stiffer competition in Taipei, Lim said today. The difficulty of getting land may result in developers holding on to existing land without building new projects, causing a further supply squeeze, he said.