Its a great location if you want to go shopping on shoe street or the market. Right in the heart of everything. The room is super small (expected for Hong Kong), but it was clean, quiet, simple. Air con was nice.
I only needed to stay for one day, but it was great, and I was able to get a lot of sleep.
Only downside: The elevator can get really busy during the day. The wait time can get up to 15 min. There are stairs but, the hostel is on the 6th floor.
Nice place :)