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.
Better for long-term living than for investing.
A low-density, Ascott-managed riverside island whose marina, pools and on-island preschool suit homeowners and expat-focused landlords, at around 144M/m², roughly 30% above upper-mid peers. The main buyer risks are that pink books are still missing for the four residential towers handed over in 2018 (project-wide status is only partial, about 19%) and that all traffic funnels through one road, Street 104.
Homeowner: Solid for homeowners who value space and privacy. Only 13.5% of the site is built, and the marina, 2,300 sqm pool complex and riverside promenade are on-site and run by Ascott. The trade-offs are a single access road that backs up at peak hours, pricing well above comparable upper-mid projects, and pink books that are still missing for the four residential towers handed over in 2018.
Investor: The case rests on location scarcity and an expat tenant pool, not on yield or discount. Gross rents of roughly 3% and pricing well above comparable upper-mid projects limit returns, and the pink-book gap on the 2018-handover towers narrows the pool of bank-financed buyers at exit.
| 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 | 144 triệu/m² | — |
| Metropole Thu Thiem | Similar luxury positioning; verify current asks | Same Thu Thiem peninsula corridor, but a mainland address without island exclusivity |
| Masteri Thao Dien | Upper-mid segment, typically nearer the ~110M/m² peer median than Diamond Island's 144M/m² | Thao Dien expat enclave with strong international-school access; much larger project without the island setting |
| Estella Heights | Upper-mid segment, typically nearer the ~110M/m² peer median than Diamond Island's 144M/m² | An Phú mainland address near Estella Place and international schools; no marina or riverside grounds |
Resale snapshots anchor near 144M/m² project-wide, with Brilliant 2BR and 3BR asks around 135M/m², up from roughly 115-117M/m² in January on thin data.
| 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 (~250 units) has pink books. Phase 2 towers (Hawaii, Bora Bora, Bahamas, Maldives) handed over in 2018 have no published pink-book progress in searches run October 2026; listings mark units as pink book, sale contract or 50-year ownership. Canary officetel units carry 50-year ownership. |
Diamond Island
| CBD (peak) | 22 min |
| CBD (off-peak) | 18 min |
| Airport (peak) | 54 min |
| Airport (off-peak) | 46 min |
| Long Thành (peak) | 53 min |
| Long Thành (off-peak) | 50 min |
A mix of high-net-worth Vietnamese families and long-term expatriate professionals living on a managed island. Brilliant tower draws the most affluent buyers, who pay a premium for Pritzker-winning architecture and confirmed legal title, while the other towers draw local investors and expats renting through Ascott's serviced residence program.
