No other proper places could beat their price. Walkable distance from MRT station, walkable distance from Liuhe Night Market (六合夜巿) too. They have coin operated laundry machines too.
The shared bathroom/shower doesn't look very clean to me, also doors do not go all the way to the ceiling, so you can hear noise, although there are rules asking people to keep quiet after 11pm. Bumpy road around the area, and no escalator (the place is a basement), it would be a trouble if you're carrying a lot of baggage.
But still a very great option for budget travellers.
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