Chemical properties only manifest when a chemical reaction occurs. Being reactive, flammable and explosive are chemical properties, because they involve chemical reactions: the substances are changed; the chemical bonds of some substances, called reactants, are broken, and the chemical bonds are created, forming other substances, called products.
Solubility is a<em> physical property</em> because during dissolution no new substances are formed. You can prove it when the solvent evaporates leaving behind the same original substance.
The the observation that the substance is <em>soluble</em> is describing a <em>physical property.</em>
