Great location for a minimalist, budget traveler. Close to Bugis station and Bugis Junction mall makes it very convenient. Nothing fancy, but definitely gets the job done.
From the pictures, I thought it was going to be like a capsule hotel in Tokyo that caters to solo travelers where everyone is just there to sleep and then get on their way. However, it is closer to a hostel. Think of multiple bunk beds in a single room, but the bunk beds are boarded up. Your experience will depend on who else is in your room. Bring ear plugs if you're a light sleeper.