tallest residence, and the world's second tallest hotel. Project was also known as Kowloon Station Phase. It was the tallest building in Hong Kong when it was built in 1992 until it was surpassed by 2IFC in 2003. Hung Hom, Kowloon, Hong Kong: The Hong Kong Polytechnic University Research Centre for Construction Real Estate Economics. 3 Princess Tower 414 metres (1,358 ft) Former tallest residential building in the world. As an example, one residential tower has a top floor labelled "88 but contains only 42 actual floors.