Dorm Bed: $20.25
This is one of the newest hostels in Hong Kong. It is owned by two Canadians and is located just a short distance from the Tsim Sha Tsui station as well as Kowloon Park. It's within walking distance of many interesting parts of the city.
The atmosphere is warm and welcoming, but also modern and clean. There are many amenities available to guests including a small kitchen, high pressure showers, comfortable mattresses, high speed internet, and a fun common area.
The atmosphere is social and friendly and the hostel periodically hosts group outings such as island hiking and city tours. You can choose between 8, 6, and 4 person dorms.
Unit 1410, 14/F, HaiPhong, Mansion, 99-101 Nathan Tsim Sha Tsui, Kowloon ,