That budget gets you a really nice place above Kowloon station, in one of the residences there. It's got an Airport Expres station and easy and quick connection to the rest of the city.
There's also Tsing Yi. Also convenient with MTR, Airport Express and a nice mall. Bigger place for the same money.
You can probably a nice rooftop duplex in tung Chung for that money, if you don't mind the constant reminder of the misery that your new career with a Hong Kong airline promises to be...
I see FireWall has definitely put the nail on DB's coffin, but if you enjoy that kind of lifestyle, you can try Park Island. It relatively close to the airport, well connected, has a beach and good clubhouses, with no annoying gossip or MILFs driving golf carts like maniacs menacing to run you over between dropping off the kids to school and visiting their boyfriends.
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