Taiwan property prices will rise less than Hong Kong and China when the Chinese currency is allowed to appreciate over a period of time, said ING Financial Markets.

“If Beijing restores a yuan-appreciation trend, it would attract speculative capital inflows, some of which would go to the property market,” Tim Condon, Singapore-based chief economist at ING said in an e-mail interview. “Taiwan would be the least affected because the Central Bank of the Republic of China (Taiwan) would intervene to keep the New Taiwan Dollar from becoming too much of a one-way bet.”