Over on the left are the white buildings of the old Vehicular Ferry Pier, with the pillbox visible on its western pier. The taller building behind it is the old Fire Station, where the Hang Seng HQ building stands today.
In the foreground of the photo we can see the wake from the boat that the photographer is standing on. It leads back in the direction of the pier, so there's a good chance the photographer was making use of a ferry ride to get this photo of the island.
Looking right from the pier, there's a string of shop houses running along Connaught Road C., the old seafront. Behind them we can see along a street that runs straight up the hillside. Graham Street, perhaps?
The next buildings are blocked out by the sails of a small junk. The sails are missing several sections, but that seems to be a common sight in photos from this time. In fact this one isn't too bad at all - sometimes there seems to be more hole than sail! There are only two people in sight on the junk, and no sign of any cargo. I wonder where they were going.
Looking to the right of the junk we see a small motorboat, then the sail of another junk (this time the sail looks in better condition), and behind that packed-looking Star Ferry. Behind them all is the white Harbour Office building. It's Vicwood Plaza now. The last building on the right of the photo is Wing On.
Now let's move up. At the right end of the Harbour Office is the tower with it's distinctive observation area on top. Looking up from that is an open area, then a solid, squat looking building, the Hop Yat Church.
If you look diagonally up and to the left of the church you'll see a large building standing on it's own, on top of a large platform. There's a ramp sloping up from the road to the top of the platform. I think that building is The Fairview, a building we've looked at before as hospital building in Love is a Many Splendored Thing.
There's no real high-rise building yet, so the hillside of the Peak still dominates the photo. It also means that the big, old buildings of Mid-levels are clear to see, and in turn had a clear view out to the sea.
I'm guessing the date as the mid-1950's, but please leave a comment if you can pinpoint the date.