This place is a bit hard to find as we were coming via taxi (and if you are being dropped off by a taxi service, be prepared that HongKong taxi drivers' will refuse to take you to destinations at their discretion.) After asking passersby, we finally locate this place as part of one big building (the building looks run down.) The lifts downstairs are crowded and it's difficult to bring in luggage that isn't a hand carry bag size.
Tai Wah is actually very tiny and the reception area can only fit 1 person (if he she stands side ways from the reception), the rooms are tiny but clean. The toilets are also clean. This place provides you with towels, toothbrush and warm drinking water from a cooler that is located in a storage type area. There was one male staff who was friendly, but didn't really speak any English, the other 2 female staff were not so pleasant.
The location is great though - close to MTR, ISquare etc.
If location is what you are after, then this is the place to stay, however if you want to have a comfortable stay, there is a Holiday Inn across the road which would probably cost 10x more than this place, but give you a decent night's sleep.