Let's face it, at this price tag you shouldn't expect anything miraculous. And yet, you get much more for your money.
This HB ukulele was bought as a simple, practice instrument. For that, it delivers in spades. The finishing is fine, with only very minor, insignificant impurities. The construction quality is decent, with no problems tuning or playing (indeed, I was happily surprised by the ability of this instrument to maintain tuning well even after extended playing). The sound with the shipped strings is perfectly acceptable, though a set of new strings does improve it further.
All in all, you really get a lot of value for your money. If you're starting with a ukulele, or if you're considering it as a gift to a young player, you really can't go wrong with this.