Update: The date for this photo is 1959, as explained in the comments below.
The Flickr comments suggest the older photo is from 1938, but I think the decoration is more likely to be from George V's silver jubilee in 1935. Can anyone else confirm?
HKMan, the author of this post on Flickr, notes that the current corner building is named 'Cheong Hing Building', a direct descendant of the original 'Cheung Hing Store'.
If you zoom in, you can make out the advertisement for Gingle's, advertising 'Good Food, Steaks, Chops, Seafood'.