Mainland Chinese and emerging brands are seen to be the biggest players in Hong Kong's property leasing scene in the coming months, the South China Morning Post reported Sunday, citing analysts.

The development comes as most retailers are still wary about the market despite a rebound in tourist arrivals, the report said.

While the retail market is seen to undergo "significant restructuring" with some brands getting kicked out due to competition, the vacancies that could be created are opportunities for emerging businesses, the report said, citing Andy Kong, the chief sales director of Midland Shops.

Mainland Chinese brands foraying into Hong Kong were mostly food and drink operators, but other consumer brands have also entered, such as drone maker DJI and luxury franchise outlet Unibuy, the report said.

Other brands also include discount chain Yoyo Family and a Chinese supermarket selling Russian items, according to the report.

(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.)