We stayed at the Tit Hong Lane apartment for 3 days in mid-December. Tit Hong Lane is off Jubilee Street and Des Voeux Road Central (on which the trams run). It was easy to locate it given that we came in from the Airport via the Airport Express, and there were signs directing us to "the Centre" from Hong Kong MTR Station/IFC. The apartment is also near exit B (with escalators) of Central MTR station which made access to places on the MTR routes very convenient. Besides, the Exchange Square Bus terminal (for buses to Stanley and Ocean Park) and the Central Ferries Terminal (for the Star Ferry and ferries to the islands) are within walking distance, as well as the express MTR train to Disneyland. The apartment is also very near to the Mid-level escalators (located at Central Market) and Stanley Street and Wellington Street are only a stone's throw away. There are at least 2 cafes on Tit Hong Lane and 3 Chinese restaurants on Jubilee Street (including Golden China Restaurant, which does good roast meats and waxed sausages). Around the corner, at 140 Des Voeux Road Central (besides a Bank of China branch) is Law Fu Kee which does good congees and noodles. These restaurants operate from 8 am to 11 pm, so you don't have to worry about access to Chinese food during normal waking hours.
Despite being in a dated building, the apartment was nice and clean and checking-in (and out) was a breeze, as we called Brendan from the congee restaurant I mentioned above when we ordered our lunch and met his representative about 30 minutes later. The apartment is on the 3rd floor and so there are about 6 half-flights of steps to climb, and we were glad that we left our bigger bags at Left Luggage at Hong Kong MTR Station, given that Hong Kong was our second destination.
The apartment had 2 bedrooms large enough for our family of 2 adults and 2 teenage children. The kitchen was equipped for cooking but given that there were so many good restaurants around, we didn't bother to use it except for making tea and coffee. The bathroom had a shower area and a toilet, with hot water on demand, and there were no issues with water pressure, despite it being in an old building.
However, the ground floor entrance was not lighted in the night (as were the upper floors), so we had to tread carefully given that the steps were narrower than normal. The apartment was also quite cold, even though we were provided with a small electric heater and we had to keep the doors to the kitchen and toilet closed to retain the warmth in the living room.
For a family of 4, it was a good place to be for a short stay in Hong Kong, given that it was so central but we would have felt somewhat claustrophobic if we had planned to stay beyond a week.