In general, I don't really like staying at hostels, but I felt my experience with the Royal Lodge was actually very positive. It's located steps from the Chinatown MRT station, near a bunch of shops, stalls, restaurants, etc in Chinatown, but I never noticed any noise from outside preventing me from sleeping. I also walked back to the hostel from the Marina Bay Sands two nights, so it's really not too far from everything. The staff were generally friendly and helpful, and I was able to pay to have someone do my laundry for me (which I really appreciated as I am on a long trip but had limited time in Singapore). The provided locker had enough space for my large backpack, which was nice (you do need to provide your own lock or buy one). Yes, you're sharing a hostel room with a bunch of others, and the bathroom areas aren't luxurious, but considering the price and location, I really felt like this was a great choice for a budget traveler like me.