Diamond Island 2026: Complete Guide to the Kusto Home Island Residences
Mục lục
Diamond Island is a premium apartment and villa development set on a naturally formed 8-hectare island at the confluence of the Saigon and Giong Ong To rivers, in the former District 2 — now Thu Duc City, Ho Chi Minh City. Developed by Kusto Home (a member of the multinational Kusto Group) with a total investment of about USD 300 million, it is one of eastern HCMC’s most iconic riverside communities.
This pillar guide covers everything about Diamond Island: its location and feng shui, the six towers, unit and villa types, resort amenities, investment and rental potential, and the legal framework for both local and foreign buyers. As a completed, handed-over development, it suits owner-occupiers and cash-flow investors alike.
What Is Diamond Island?
On an 8-hectare island almost entirely surrounded by water, Kusto Home built six apartment towers of 19–29 storeys totalling 1,275 units, plus garden, pool and sky villas. The defining feature is a construction density of only 13.5% — nearly 87% of the land is greenery, water, parks and amenities, creating a resort-like oasis within the city.
It was built in two phases: phase 1 is the Brilliant tower (completed first), followed by phase 2 — Bahamas, Hawaii, Canary, Bora Bora and Maldives. Today the entire development is in operation with a large resident community and full professional management by Savills and Kusto PM, with leasing support from The Ascott.
Location & Feng Shui
Diamond Island sits at the confluence of the Saigon and Giong Ong To rivers in Thu Duc City (former District 2). Residents reach the District 1 core in about 15 minutes via the Mai Chi Tho boulevard, the Saigon River tunnel and the Thu Thiem bridges. In feng shui terms, the winding rivers form a dragon with the island as the “pearl in its mouth” — a symbol of prosperity.
“The pearl in the dragon’s mouth”: Diamond Island is a natural island at the confluence of the Saigon and Giong Ong To rivers, likened by feng shui experts to a pearl in a rising dragon’s mouth — a symbol of gathered energy and prosperity.
Six Towers & Unit Types
Diamond Island offers 1- to 4-bedroom apartments and duplex villas. Apartment areas span ~53–248m²; villas reach ~650m² including private gardens and pools. The six towers — Brilliant, Bahamas, Hawaii, Canary, Bora Bora, Maldives — each have their own outlook over the rivers or the internal landscape. Detailed floor plans are covered in dedicated tower articles.
Resort Amenities on the Island
The amenity ecosystem includes a 2,300m² pool and water park, a riverside marina, the Sancy spa, gym, tennis and basketball courts, BBQ areas, riverside parks, and creative kids’ playgrounds (the “pirate ship”, “astronomy castle” and “music academy”). The 2–4 bedroom units enjoy private lifts.
Investment & Rental
Thanks to its scarce island setting, established international community and professional leasing (The Ascott), Diamond Island is one of eastern HCMC’s most active high-end rental locations, offering stable cash flow plus the long-term appreciation of a near-unique asset.
Ownership: Vietnamese buyers hold long-term (freehold) ownership with a pink book; foreign buyers may own apartments on a 50-year basis within the 30%-per-building quota. A Realtique advisor checks the available foreign quota for each unit.
Why Consider Diamond Island?
- A scarce island asset almost surrounded by rivers.
- Very low density (13.5%) — green, airy, private.
- Completed with a living community — buy and live/rent immediately.
- International operation — Savills, Kusto PM, The Ascott.
- Foreign-open — own within quota, strong rental liquidity.
Note: information compiled from Kusto Home materials and market data; areas, prices and policies may change by time and by unit — please contact Realtique for the latest figures.
Diamond Island in HCMC's Riverside Market
Among HCMC’s many riverside developments, Diamond Island holds a rare advantage: it is a natural island almost fully surrounded by rivers, rather than a project with only one river frontage. This delivers open views, cooling breezes and privacy that are hard to replicate. Combined with a construction density of just 13.5% and an already-formed international community, Diamond Island sits firmly in the premium segment and retains steady appeal in both the resale and rental markets.
For owner-occupiers it is a rare balance of nature and urban convenience; for investors, the scarcity and non-replicable island setting underpin long-term value retention. Because the project is complete and operating, buyers avoid construction-timeline risk entirely and can assess the actual product, community and management before committing.
A Day at Diamond Island
Life at Diamond Island is a seamless sequence of experiences: a morning swim at the resort pool or a riverside walk at sunrise; a midday workout at the gym or tennis court; an afternoon at the Sancy spa or watching children at the themed playgrounds; and an evening enjoying the sunset by the marina. Because resort, sports and wellness amenities all sit on the island, residents can enjoy a full day without leaving — while District 1 remains just minutes away.
An Established Community, Not a Promise
A defining strength of Diamond Island is that everything a buyer evaluates already exists: the towers stand, the amenities operate, the landscaping has matured and the community is in place. This removes the uncertainty inherent in off-plan purchases, where buyers commit based on renderings and promises. At Diamond Island, you can walk the pool decks, ride the private lift, feel the river breeze from the balcony and meet the neighbours before deciding — a level of certainty that is itself a form of value protection.
For overseas buyers and time-poor investors, this certainty matters even more. The professional management by Savills and Kusto PM, plus leasing support from The Ascott, means an owner can purchase, furnish and rent a unit with minimal personal involvement — the operating burden that deters many from resort-style investment is largely removed here.
Comparing Value With Other Riverside Projects
In HCMC’s riverside segment, projects tied to a scarce location and reputable operation tend to set a high price floor and retain value well. Diamond Island’s distinguishing points are its natural island setting almost fully wrapped by rivers, its very low 13.5% density, and its completed, income-ready status. Together these create a value proposition hard to find in comparable product — an asset that is at once a home, a lifestyle and a store of value.
For buyers, valuation should not stop at the headline figure but sit within the balance of total ownership cost against total benefit: rental cash flow, an irreplaceable address, capital-growth potential and the liquidity of a landmark community. Realtique models this per unit so decisions rest on real numbers.
Total Cost of Ownership
Beyond the purchase price, owners should budget the 2% or applicable registration and notary fees, and the monthly management fee (a Brilliant reference is about VND 21,000/m²/month excluding VAT), plus maintenance and, for investors, rental tax. Factoring these upfront gives a realistic net picture. Because the development is complete and professionally managed, these costs are known and predictable — another advantage of buying a handed-over asset over an off-plan promise.
Who Diamond Island Suits
Diamond Island appeals to several buyer profiles at once. Families value the green, safe, low-density environment and the themed kids’ amenities. Expatriate professionals and international households appreciate the resort lifestyle minutes from District 1. Investors are drawn to the scarce, income-ready island asset with strong rental demand. And overseas Vietnamese find a way to own a premium riverside home back home while generating cash flow. Whatever the profile, the common thread is a home that also protects and grows value.
That breadth of appeal — end-users and investors, local and international — is part of what keeps demand deep and liquidity healthy at Diamond Island, and it is why the development has remained a benchmark for riverside living in eastern Ho Chi Minh City for years.
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Lucas Trần
Lucas Trần is a Senior Property Advisor at Realtique, focused on major urban developments across southern and central Vietnam.
