We had a very good stay at Dragon Hostel. The room is quite small but clean. This is acceptable because this is HK. Also, the place is very convenient, 5 mins to metro station and it's not far from the night market. Price is little bit expensive, maybe because it's Christmas season.
The host is warm, allowed us to check in early and keep our luggage at the front desk on departure day.
Highly recommend backpackers to stay there.