Originally Posted by christep
The Peak Tram hasn't been closed for renovation. It is the Peak Tower (one of the buildings at "The Peak") which is still closed for renovation. But you can still get the tram up there and take in the view from other points around the station. And all the other buildings there are still open (so plenty of bars, cafes, restaurants, etc.)
http://www.thepeak.com.hk/
Thanks, Christep for the clarification.