Hong Kong developers New World Development Company (HKG:0017) and CK Asset Holdings (HKG:113) announced sales of flats across two properties in the first such development after the city's de facto bank cut interest rates, the South China Morning Post reported Thursday.

New World is selling 115 units at its House Muse project in Kowloon City at an average price of HK$18,251 per square foot after discounts, and another five by tender, representing all the units in the building.

Meanwhile, CK Asset is selling a final batch of 70 units at its Blue Coast II project in Wong Chuk Hang, with 32 units priced at an average discounted rate of HK$22,684 per square foot, and the rest available by tender.

The Hong Kong Monetary Authority lowered its base interest rate by 25 basis points to 4.50% on Thursday, tracking a cut by the US Federal Reserve.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)