Hong Kong forum

Hi Daawgon,
Well, I haven't been to South Korea of Taiwan, but hopefully I can still be of some help.

Hong Kong accommodation can be quite expensive. There are budget guesthouses but they can have a reputation for being grotty (ie., some Chungking Mansions hole) and the budget places with good reputations do seem to book up quite far in advance - so if you're not able to pre-book, you can easily end up spending a lot of either time or money on finding a decent place to stay.

For example, I only started looking at accommodation a couple of days before I arrived (in peak season), and had a hard time finding something that looked nice but was also cheap (even the YWCA was asking for 1400 HK$ a night for a private room). I ended up paying 600 HK$ (around £50) for a private room in a budget hotel out by Chai Wan MRT.

Transport is reasonable - it's easy to get around using local ferries, trams and the MTR, and excellent value for money (the ferry across the bay was only 5.50 HK$ if memory serves). A lot of the museums are cheap (maybe 10 HK$), if you're into that sort of thing.

Restaurants can be very expensive or reasonably cheap, depending on where you go and how careful you are - meals at cheap restaurants/cafes can be had for 20-30 HK$).

Hope that's helpful!

Accommodation is expensive (even a bed in a grotty dorm is US$10 a night minimum), but food, transport and sights are cheap or reasonable.

Hong Kong is pricey in accommodation, but the commodities there are really cheaper than that in Taiwan and South Korea.
When travelling in Hong Kong, you are highly recommended to book a hotel in its neighbor Shenzhen for budget travelers.