I highly recommend Atlas Hostels. It is very central right in the middle of TST, the mtr and bus. You can walk towards the museums and the promenade walk if you are looking for touristy spots. It has a lot of local restaurants as well as non local food. Everything is just round the corner and super convenient. The owner, Raj, is kind, responsive and super kind. He goes the extra mile in making sure you are enjoying your stay. He even went out to go get water for me. The room was very clean and just what I needed, a nice firm bed to sleep on, a hot shower, clean bathroom, and strong wifi - the cherry on top was it came with a beautiful view of the park and the mosque just opposite. It is definitely value for money and if I ever go back to HK, I will definitely stay here again for its convenience and value for money! Thank you so much Raj for everything, keep the place going - it is much needed in HK.