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Explore VietnamKusto Home
Ho Chi Minh City's only natural island community — three-sided Saigon River frontage, Pritzker-designed towers, and the city's only licensed private marina.
Diamond Island is an 8-hectare island development on a natural landmass encircled on three sides by the Saigon River and Giồng Ông Tố River in Thủ Đức City. Six towers by Pritzker Prize-winning Japanese architect Arata Isozaki cover only 13.5% of the site, leaving 86.5% as landscaped waterfront grounds. The project's amenity infrastructure — including Ho Chi Minh City's only licensed private marina, a 2,300 sqm mineral-salt pool complex, and a 1.3km riverside promenade — is managed by The Ascott Limited.
Balanced for both homeowners and investors.
HCMC's only natural island community — three-sided Saigon River frontage, Pritzker architecture, and the city's only licensed private marina create an address with no mainland equivalent. The binding constraint is legal: pink books are partially issued, with Brilliant tower holding full title while the other four residential towers operate under notarized sale contracts seven years after handover.
Homeowner: A standout address for homeowners who value waterfront exclusivity over commute convenience. The island's resort-grade amenity stack — private marina, mineral-salt pools, riverside promenade, water park, and Ascott management — on a footprint where 86.5% stays green and open, is hard to replicate within HCMC. The key daily-life friction points are a single congested access road, high ambient noise (quietness sits at the floor), and no walking access to public transit. Only Brilliant tower (≈19% of units) holds full pink books; buyers in any other tower must verify legal status independently before committing.
Investor: A defensible investment in a genuinely scarce product — but the exit strategy matters more than usual here. Ascott management and a verified expat executive tenant pool support gross rental yields likely in the 4–6% range, and an active secondary market provides transaction reference across all towers. The structural caution: Phase 2 towers lack pink books seven-plus years after handover, and Canary officetels carry 50-year term title — both constrain the buyer pool on resale, particularly for mortgage-dependent purchasers who make up a large share of the secondary market.
| Market range | 82 triệu – 181 triệu/m² |
| Unit price | 7,3 tỷ – 115 tỷ |
| Rent | 22 triệu – 204 triệu/mo |
| Launch price | 50 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Diamond Island | 116 triệu/m² | — |
| Metropole Thu Thiem | Comparable or slightly higher; newer build with full legal title | Same Thu Thiem peninsula; adjacent to the Thu Thiem new urban area and metro |
| Masteri Thao Dien | 30–40% lower price per sqm; much larger project | Thao Dien expat enclave; excellent school access; no island exclusivity |
| Estella Heights | 20–30% lower; competitive value for similar lifestyle positioning | An Phu, Thu Duc; convenient to international schools and Thao Dien amenities |
Resale prices are newly benchmarked across all towers; no directional trend data is yet available.
| Developer | Kusto Home |
| Status | Delivered 2016 |
| Total Units | 1328 |
| Towers | 6 |
| Launch Date | 2013 |
| Handover | 2016 |
| Construction Permit | Approved |
| Pink Book | Partial |
| Pink Book % | 19% |
| Legal Notes | Brilliant tower (Phase 1, ~250 units) has full pink books issued. Phase 2 residential towers (Hawaii, Bora Bora, Bahamas, Maldives — ~856 units) remain without pink books as of 2026, over seven years since the Q3 2018 handover; buyers hold notarized sale contracts (HĐMB). Canary tower (222 officetel units) carries 50-year limited-term ownership for all buyers, as officetels are classified as commercial premises. Estimated 19% of total units hold pink books (Brilliant only). Searches conducted May 2026 found no announcements of new Phase 2 pink book issuance. |
Diamond Island
| CBD (peak) | 24 min |
| CBD (off-peak) | 18 min |
| Airport (peak) | 55 min |
| Airport (off-peak) | 49 min |
| Long Thành (peak) | 52 min |
| Long Thành (off-peak) | 49 min |
A mix of high-net-worth Vietnamese families and long-term expatriate professionals seeking resort-quality waterfront living. The Brilliant tower hosts the most affluent segment — buyers who pay a premium for Pritzker architecture and full legal title. The Hawaii, Bora Bora, Bahamas, and Maldives towers draw a broader mix of local investors and expatriates renting through Ascott's serviced residence program.
