All the main property stocks of Hong Kong experienced a steep decline on Monday as transactions were not that good in the weekend.

The government had recently announced that it would curtail rapid hikes of real estate prices in the Chinese territory and for that they would necessitate measures, resulting in the decline of stocks

During the mid morning trade shares of Sun Hung Kai saw losses in the tune of four decimal two percent and shares of Li Ka-shing owned Cheung Kong saw a fall of three percent. Henderson Land also saw a decline of four decimal one percent.

A fall of three decimal two six percent in the overall property index, HSNP was visible. It was worse than Hang Seng index's loss of zero decimal four six percent. Analysts are of the opinion that shares will be under pressure in the recent future.

Transactions in property in the main areas of Hong Kong slouched down by fore than fifty percent over the weekend in comparison of the previous week as buyers did not purchase. These facts were given by property agency Centaline.

David Ng, an analyst of RBS stated that the cooling measures taken in the property sector are quite mild but John Tsang, the Financial Secretary said of bringing severe measures.

Ng added that if numbers of policies are implemented along with resumption of public housing supply then they will pose threat to the troubled property market

The government of Hong Kong had announced on Last Friday that it had curtailed mortgage lending for bigger houses as they are priced exorbitantly.

Residential property prices in Hong Kong have risen in the tune of fourteen percent since the beginning of this year .Last year it went up by one third of its prices. According to Ng the prices are expected to go down by five percent in months to come in this year.

Even Standard Chartered stated that it expects to see a rise of fifteen percent in Hong Kong property prices in 2010. It added that the graph of 2011 will remain flat.