According to reports, after Beijing made the details about a proposed extension of home purchasing restrains to second and third-tier cities.

On Thursday, Chinese share were also reported with a terrible fall, as a result of which, Hong Kong shares were badly dragged into the crimson area and several investors too sold their properties which certainly were linked with their stock investments.

However, the loss became public after, an official data proved that China's yearly housing price rises went faster in the month of July, which for sure kept lots pressure on Beijing investors, to lead up the property sector.

Meanwhile, many economists also cautioned that in order to provide full satisfaction to a property fizz was the biggest risk, which was faced by the Country’s economy and they suggested that in order to end these bubbles, country needs to reduce their share market losses.

At the same time, giving his opinion about the figures, Hong Hao, a global strategist with CICC in Beijing commented, “When property tanks, it tends to bring down most of the broader market. I wouldn't be surprised to see further downside in both markets”.

In the meantime, Darwin Lam, equity analyst at Citi in Hong Kong said, “We see this as the right move at the right time, which will bring HKEx into the right loop of China’s capital account liberalization”.