Diamond Island/Maldives

Area: Thu Duc · Ho Chi Minh City

Maldives - Diamond Island

Name: Maldives
Address: VN

💰 10,2 tỷ – 68 tỷ📏 124 triệu/m²🏢 209 units

Neighborhood

77*

Family Score

Good

88*

Leisure Score

Excellent

Convenience

Good

Health

Average

Transit Access

Good

metro 2.5 km away; nearest station 499 m; bus stop 642 m.

Nightlife

Below Avg

Quietness

Good

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

Domo Scores™

7.4

🏠 Homeowner

Solid

📈 Investor

Solid

Better for long-term living than for investing.

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

5.8

Livability

Legal & delivery

7.9

Location & connectivity

7.7

📈 Investor

Value

5.8

Returns & exit

6.7

Legal & delivery

7.9

Location & demand

7.9

Why the scores differ

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.

Price & Market

Current Market Price

124 triệu/m²

📈 +148% since launch

Market range	89 triệu – 133 triệu/m²
Unit price	10,2 tỷ – 68 tỷ
Rent	25 triệu – 48 triệu/mo
Launch price	50 triệu/m²

Est. Rental Yield1.1%

•🟢 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?

🟢 ~14% cheaper than comparable projects

Project	Price	Distance
Maldives	124 triệu/m²	—
Diamond Island	144 triệu/m²	0.1 km

Should you buy here?

Best for:

✓Homeowners who want a low-density, managed riverside island with resort-style amenities
✓Families who want a gated, contained environment with an international preschool on the island and International German School HCMC about 1.3 km away
✓Expat executives who are comfortable with Ascott-managed living and a single access road

Not ideal for:

✗Homeowners who need a pink-book-backed bank mortgage on one of the four residential towers handed over in 2018
✗Commuters sensitive to peak-hour queues on Street 104, the only road onto the island
✗Value-focused buyers, since asking prices run well above comparable upper-mid projects

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	209
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

Explore on map

Maldives, Diamond Island

🛍️

Mall

Diamond Island Marina

On-site

🛒

Supermarket

Siêu thị WinMart Diamond

Next door

🏫

Schools

Trường Mầm non Quốc tế Wisdomland - cơ s…

Next door

🌳

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.