Haven't been to the peak for almost a decade until recently accompanied a friend from overseas to this popular sightseeing spot again.
The most nostalgic and scenic means is to take a peak tram at Garden Road (opposite the St John's Cathedral). The Peak Tram Terminal is accessible from Admiralty or Central MTR (look for the Hong Kong Bank exit) within 15 minutes walking distance, or take a No.15C bus behind the International Finance Centre to the Peak Tram Terminal from Central. Alternatively, if you does not prefer the peak tram (mainly to avoid the queue), take a No.1 green minibus outside City Hall Carpark or a No.15 bus from the Central bus terminal underneath Exchange Square. A taxi ride from Central may cost around $70+, depending on the traffic conditions. Follow the signs or the crowd to the lookout which offer panoramic views.
Daytime may just shows the outline of the harbour and the skyscrapers. After dark the clusters of buildings will display like crystals in front of you. There are quite a number of shops/eateries and other sites of interest near the lookout to keep you busy for at least a few hours. During daytime, for those who would like to walk down the hill, look for Hatton Road - this is an 90-120 minutes walk, which will lead you to the deserted battery in the middle of the hill and finally the University of Hong Kong.