A lovely hostel right on the harbour at Tsim Tsa Shui - it's next door to the famous Peninsula hotel, and you get the same amazing views for a fraction of the price. Breakfast is great value, the rooms are hotel standard rather than hostel and there's a gym and swimming pool. Rooms are great value at 800-900HK dollars, which is about £55-65 for a double.

www.asiatravel.com/hongkong/ymcasalisbury/

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