** Shares of China Resources Land jump 7.8% to HK$20.8 on track for best day since mid-March

** Stock top pct gainer in Hang Seng Property Index

and Hang Seng Mainland Properties Index , which rise 2% and 4.7% respectively

** The Hong Kong Monetary Authority on Thursday cut its base rate by 50 bps, tracking a move by the U.S. Federal Reserve

** CBRE Asia Pacific Research says with U.S. interest rate cuts sending an encouraging signal to investors, sentiment in Hong Kong will improve and investment volumes should pick up

** "Lower rates are intuitively positive for real estate but will have an uneven impact across Asia property markets and stocks," Morgan Stanley says in a note

** "Improving affordability and diminishing negative carry should drive HK home prices to bottom and show a cyclical recovery of +5% in 2025," the brokerage says

** Shares of SHKP , New World , Henderson Land , China Overseas Land and Longfor

rise between 0.2% and 7.4%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))