The invention relates to a device and a method for simulating generation of a gas hydrate and measuring physical property parameters thereof. The device is characterized by comprising a high-pressure reactor which is respectively connected with a high-pressure gas distribution system, a temperature measuring system, a pressure measuring system and an ultrasonic sound velocity measuring system, wherein the high-pressure reactor is arranged in a cold bath tank connected with a refrigeration compressor; a handle slide rod is slidingly inserted at the top of the high-pressure reactor; the ultrasonic sound velocity measuring system comprises two ultrasound probes respectively arranged at the bottom of the handle slide rod and the bottom in the high-pressure reactor, and the two ultrasound probes are respectively connected with an acoustoelectric transducer; one acoustoelectric transducer is connected with the transmitting end of an ultrasonic signal transmitter-receiver through a lead, while the other acoustoelectric transducer is connected with the receiving end of the ultrasonic signal transmitter-receiver through a lead; the ultrasonic signal transmitter-receiver is connected with an oscilloscope, and the output end of the oscilloscope is connected with a computer acquisition system; and a gas hydrate sound wave acquisition and analysis module is preset in the computer acquisition system.