Depends on your priorities-
I would recommend the Kowloon side, eg Tsim Sha Tsui- the price is slightly cheaper than in Causeway Bay or Central, and it is convenient with a Star Ferry Terminal, Macau Ferry Terminal, MTR station and numerous bus routes passing by.
If you stay in Tsim Sha Tsui, you can also enjoy authentic street eateries on Temple Street, which is just a MTR station/ 15-min walk away.
Of course if you stay on the island side, you will have a lot of chance to take the local-favourite double-decker trams!
I wouldn't bother my self with such a question in a city like HK. It really doesn't matter where you stay, every where is accessible with public transportation.
Yet, I recommend Kowloon, epecially the TST area, if you want to enjoy more of an authentic experience
wishing you a wonderful trip
Personally, I would plump for the Island every time. That is just personal choice - there is no logic behind it
Staying near Central will let you walk more, as there are more restaurants, bars, shops, malls, parks, landmarks nearby. The tram, MTR, taxis and buses will be always at hand. You can always take the Star Ferry to TST, which is one of the nicest rides in HK.
True that open air markets tend to be in Kowloon side, but these aren't places where you will want to be for more than an hour or two, as they tend to be crowded and noisy.Edited: 5:56 am, September 09, 2010
Agree with 2. Have stayed on both sides and the difference is negligible...anywhere you want to go is easily accessible by public transportation or taxi.
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