Explore VietnamReal Estate
Explore Vietnam
Delivered 2016
Kusto 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.
Diamond Island is HCMC's only natural island residential community — three-sided Saigon River frontage, Pritzker-designed towers, and the city's only licensed private marina place it in a category with no local competition. The single binding constraint is legal: over 80% of units (the towers handed over in 2018) remain without pink books as of mid-2026, limiting exit to cash buyers only and blocking mortgage refinancing.
Homeowner: A compelling choice for homeowners who can absorb the premium for a genuinely unique address. Diamond Island's 13.5% building density and three-sided Saigon River frontage have no comparable in HCMC; Ascott-managed facilities, on-site schools and pools, and a 7–10-minute District 1 commute via the Thu Thiem Tunnel support an exceptional quality of life. The trade-off is a single-road island access bottleneck at peak hours and a price per sqm running 11% above mainstream upper-mid peers — justified by the setting but not for value-focused buyers.
Investor: The investment case splits clearly by tower. Brilliant offers the cleanest profile: full legal title, documented price appreciation of 15–17% in recent resale data, and a premium expat rental market running 22–41M/month for larger units. The towers handed over in 2018 — comprising 80% of the project — carry meaningful legal drag: no pink books 8+ years post-handover constrains exit to cash-only buyers. Gross rental yield across the project runs ~2–3%, low but typical for a luxury island product where capital appreciation is the primary return driver.
| Market range | 89 triệu – 204 triệu/m² |
| Unit price | 5,2 tỷ – 115 tỷ |
| Rent | 15 triệu – 204 triệu/mo |
| Launch price | 50 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Diamond Island | 125 triệu/m² | — |
| Metropole Thu Thiem | Comparable or slightly higher; newer build with full legal title across all units | Same Thu Thiem peninsula; adjacent to the future Thu Thiem New Urban Area and Metro Line 2 corridor |
| Masteri Thao Dien | 30–40% lower price per sqm; much larger project with higher supply volume | Thao Dien expat enclave; excellent international 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; mainland setting |
Brilliant tower resale prices rose sharply in recent months while pricing across the 2018-delivered towers remains broadly active, reflecting a bifurcated market where confirmed legal title commands the clearest appreciation signal.
| 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 June 2026, over eight 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). Web searches conducted June 28, 2026 found no announcements of new Phase 2 pink book issuance or legal progress. |
Diamond Island
| CBD (peak) | 26 min |
| CBD (off-peak) | 18 min |
| Airport (peak) | 61 min |
| Airport (off-peak) | 48 min |
| Long Thành (peak) | 53 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 in a managed, low-density setting. Brilliant tower concentrates the most affluent homeowners — buyers who pay a premium for Pritzker architecture and confirmed legal title alongside unobstructed river views. The remaining towers draw a broader community of local investors and expats renting through Ascott's managed accommodation program.
