Peter Lin, director of CB Richard Ellis (CBRE), a US-based property consulting firm, also believed that the impact on China's property sector would not be obvious, especially in the short term.

"China's stock market is at a pretty high level now, with the possible profit margin shrinking and potential risks increasing. Thus, investors may quickly evacuate the stock market once it slides down. But property investment is usually long-term behaviour," Lin explained.

He argued that China's property prices would continue to rise over the next three to five years, fuelled by the galloping economy and strong demand.

China's real estate prices maintained their robust growth in October, but the number of transactions involving foreign institutional investors declined due to restrictions on overseas investment.

Property prices in China's 70 large- and medium-sized cities rose 5.4 per cent in October, 0.1 percentage points higher than August's rise, according to the National Development and Reform Commission (NDRC).

The prices of high-end and ordinary residential properties saw year-on-year rises of 7.7 per cent and 6.4 per cent, up 0.7 and 0.1 percentage points compared to September.

Beijing witnessed the biggest price rise, with year-on-year growth of 10.7 per cent, while Shanghai saw its prices drop 0.6 per cent compared to the same period last year.

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