Found this at the website of the Commando Veterans Association here.
India, Burma & Hong Kong, 1944 - 1946: Views and life in S.E Asia as seen through the lens of No5Commando, a collection of photos owned by Sgt Ted Tharme, No5 Cdo, kindly donated by Ted's son Paul. Posted by Nick Collins.
I first thought the photo was taken after the war, so the date would be late 1945 to the end of 1946. The discussion showed that on the photo trams at the junction of Hennessy and Johnston Road with Arsenal Street can be seen, with the Chinese Methodist Church in the center.
So the date would not be 1945/46, but earlier. I found the same image on flickr by HT (eternal1966e). It is dated to 1936. This fits perfectly into the realignment dates for that area (1938-1939). I changed the date of the image accordingly.