Hawaii - Diamond Island

Name: Hawaii
Address: VN

💰 9,9 tỷ – 52 tỷ📏 118 triệu/m²🏢 177 units

Neighborhood

78*

Family Score

Good

89*

Leisure Score

Excellent

64

Convenience

Good

56

Health

Average

56

Transit Access

Average

metro 2.3 km away; nearest station 631 m; bus stop 598 m.

8

Nightlife

Below Avg

63

Quietness

Good

* Score includes on-site amenities that are planned or under construction, not yet open.

Domo Scores™

7.6

🏠 Homeowner

Good

7.5

📈 Investor

Good

Balanced for both homeowners and investors.

HCMC's most distinctive island address — natural setting, Pritzker architecture, and private marina are genuinely irreplaceable. Main risk: Phase 2 pink books still unresolved years after handover.

🏠 Homeowner

Value

6.8

Livability

8

Legal & delivery

7.9

Location & connectivity

7.7

📈 Investor

Value

6.8

Returns & exit

7.5

Legal & delivery

7.9

Location & demand

7.9

Why the scores differ

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.

Price & Market

Current Market Price

118 triệu/m²

📈 +136% since launch

Market range	112 triệu – 133 triệu/m²
Unit price	9,9 tỷ – 52 tỷ
Rent	33 triệu – 38 triệu/mo
Launch price	50 triệu/m²

Est. Rental Yield1.4%

•🟢 Irreplaceable natural island site — no comparable development exists or can be built in HCMC, creating an absolute price floor regardless of market cycles
•🟢 Strong rental demand from Ascott-managed units; expat executive and diplomatic tenants consistently outpace supply at this address
•🟡 Pink book gap between Brilliant (fully issued) and Phase 2 sustains a 15–25% pricing premium on Brilliant units — a two-tier market within the same project
•🔴 Phase 2 legal uncertainty limits buyers' access to bank financing and compresses resale liquidity relative to the project's true asset quality

Is this a good deal?

Project	Price	Distance
Hawaii	118 triệu/m²	—
Diamond Island	116 triệu/m²	0.1 km

Should you buy here?

Best for:

✓Affluent homeowners seeking a one-of-a-kind island lifestyle in HCMC
✓Expatriate executives and diplomatic families seeking resort-quality managed living with green space and river access
✓Families with school-age children — IGS HCMC, Kinderland International Preschool, and Trần Đại Nghĩa Gifted HS are all within 1.3km
✓Buyers purchasing Brilliant tower units with clear full pink book title

Not ideal for:

✗Buyers requiring a bank mortgage backed by pink book for towers other than Brilliant
✗Buyers sensitive to noise who require a quiet residential environment
✗Residents reliant on walking or public transit for daily commuting

Market Trends

Resale prices have stabilized at 90–130 million VND/m² as the project fully transitions to the secondary market. The legal gap between Brilliant and Phase 2 towers drives a persistent 15–25% pricing premium on Brilliant units — a spread unlikely to narrow until Phase 2 pink books are issued.

Pros & Cons

Pros

✓Three-sided Saigon River frontage — unmatched in HCMC
✓13.5% building density; 86.5% green and water space
✓Pritzker Prize-winning Arata Isozaki architecture
✓Only licensed private marina in HCMC
✓Brilliant tower has full pink books issued
✓7–10 min to District 1 via Thu Thiem Tunnel

Cons

✗Phase 2 towers without pink books years after handover
✗Single-road island access bottlenecks at peak hours
✗Canary officetel units on 50-year limited-term ownership
✗Premium pricing well above mainland peers nearby

Project Details

Total Units	177
Towers	6

Legal Information

Launch Date	2013
Handover	2018-Q3
Construction Permit	Approved
Pink Book	Partial
Pink Book %	19%
Legal Notes	Brilliant tower (Phase 1, ~250 units) has full pink books. Phase 2 towers (Hawaii, Bora Bora, Bahamas, Maldives — ~856 units) have not issued pink books despite handover in 2018; buyers operate under notarized sale contracts. Canary tower (222 units) is an officetel product with 50-year limited-term ownership, not freehold.

Amenities

👨‍👩‍👧 Family: Children have access to a pirate-themed pool, an indoor playroom, a shaded outdoor playground, and an on-site water park. The gated island perimeter with 24/7 security creates a contained environment suited to families with young children.

🏋️ Fitness: The 2,300 sqm mineral-salt pool complex includes a 50m lap pool, a river-facing infinity pool, and a children's pool. Two fitness centers, a yoga studio, sauna, steam room, two tennis courts, a basketball court, and a badminton court round out the sports offer.

🏖️ Lifestyle: A 1.3km promenade lines the Saigon River edge with 12 BBQ garden areas and open seating. Resident water taxi service connects the island directly to the mainland as an alternative to road access. On-site music academy and astronomy observatory add cultural amenities rare in residential developments.

🛒 Convenience: Basement car and motorbike parking, generator backup, and a shophouse retail and F&B street serve day-to-day needs. The Ascott concierge desk handles building management, maintenance coordination, and serviced apartment arrangements.

🏊 Pool♨️ Sauna🌳 GardenLounge🔥 BBQ Area🏊 Lap Pool🛗 Elevator👶 Kids Pool🧒 Play Area🔒 Security🧘 Yoga🏛️ Clubhouse🛎️ ConciergeSteam Room🅿️ Car ParkingWaste Chute🎾 Tennis Court🏋️ Gym🎮 Indoor Playroom🏀 Basketball CourtGenerator BackupShophouse Street🏍️ Motorbike Parking⚽ Multi-Purpose Court

Location & Commute

Hawaii, Diamond Island

🛍️

Mall

Diamond Island Marina

On-site

🛒

Supermarket

Siêu thị WinMart Diamond

Next door

🏫

Schools

Trường Mầm non Quốc tế Wisdomland - cơ s…

On-site

🌳

Park

Riverfront Promenade

On-site

Major Roads

Mai Chí Thọ Boulevard — 5 minThu Thiêm Tunnel to District 1 — 7–10 minPhú Mỹ Bridge — access to South Saigon and industrial zonesHanoi Highway

🔇 Moderate Noise🛣️ Not Near Highway

A mix of high-net-worth Vietnamese families and long-term expatriate professionals seeking resort-quality waterfront living. Brilliant tower hosts the most affluent segment — buyers who pay a premium for Pritzker architecture and confirmed legal title. Phase 2 towers draw a broader mix of local investors and expats renting through Ascott's serviced residence program.

Things to consider (not deal breakers)

⚠️ Traffic

Street 104 is the single road onto the island and experiences significant congestion during morning ...

Street 104 is the single road onto the island and experiences significant congestion during morning and evening peaks. Both Thu Thiem Tunnel and Mai Chi Tho Boulevard — the primary onward routes — have their own peak-hour pressure points.

→ The on-site private water taxi service provides a river-crossing alternative for residents during peak hours. No second road access has been added to the island — the Trần Quý Kiên Bridge (formerly Diamond Island Bridge) over Street 104 remains the sole road link to the mainland.

🌊 Flood Risk

The island sits at relatively low elevation near the Saigon River and can experience minor flooding ...

The island sits at relatively low elevation near the Saigon River and can experience minor flooding during exceptionally high tides or prolonged heavy rain. Peripheral areas at the water's edge are most exposed.

→ The project's low building density and large green-area footprint support natural drainage. Ground floors across the development are elevated above typical flood levels observed in the surrounding area.