You can't beat this location. It is easy to catch a "Grab" (a rideshare service like "Uber") from around the corner if your destination is driving distance. However, so much is within walking distance, including shopping, dining, and some of the cultural and tourist attractions. It is such an easy, convenient, walkable location.
The room is super small and windowless, but that is to be expected for the price. I actually liked it because it made sleeping and jetlag recovery very easy without daylight to wake me. One note, if you sleep "natural" it can be inconvenient having to get dressed just to go to the bathroom multiple times per night, so consider a room with a private toilet if this is your style.
Also, for middle-of-the-night bathroom runs, and in general, make sure you write your room code somewhere in case your phone goes dead when you're not in your room.
Lastly, my only issue with the stay was that you only get one towel if you stay in this room; when I asked for multiple towels the cleaning attendant said this room type only receives one towel. I thought that was silly. Other than that and the small door code snafu, everything was fantastic.
I would definitely stay here again.