Diamond Island — Đảo Kim Cương in Vietnamese — is HCMC’s most unique residential development: a private peninsula in the Saigon River with 9 themed towers, a private beach club, multiple lagoon pools, tennis courts, and resort-style landscaping spanning the entire 8-hectare island. Family luxury that genuinely feels like living at a tropical resort.
Key facts: 9 towers (Bahamas, Bora Bora, Hawaii, Maldives, Brilliant, Hera, Cocobay, etc.), ~3,500 units, delivered 2017-2018 by Kusto Home. 1BR $660-740 2BR $810-1,000 3BR $2,700 penthouses $5,500-9,000. Private beach club, 5 swimming pools, tennis courts, ferry dock, resort lifestyle.
Browse verified Diamond Island apartments for rent across all themed towers below — the most amenity-rich family compound in District 2.
Diamond Island is unlike any other residential development in HCMC. Developed by Kusto Home (a major Kazakh-origin investor with significant Vietnamese real estate holdings), the project occupies its own 8-hectare peninsula jutting into the Saigon River in Binh Trung Tay Ward, District 2 (now Thu Duc City).
The peninsula configuration is geographically unique: water on three sides, accessible from the mainland by a single causeway. This natural separation means Diamond Island operates more like a resort-island community than a typical urban compound — and its developers leaned into this concept fully, with tropical-island-themed tower names: Bahamas, Bora Bora, Hawaii, Maldives, Brilliant, Hera, Cocobay, and others.
Delivery occurred in 2017-2018, and the development now houses approximately 3,500 apartments across 9 towers. The amenity package is the most extensive in District 2 — including a private beach club, something no other HCMC residential development offers.
Diamond Island is located on its own peninsula at Mai Chi Tho Avenue, Binh Trung Tay Ward, District 2 (Thu Duc City):
The peninsula geography means there’s only one road in and out — which can be a traffic bottleneck at peak hours, but also means the compound feels genuinely insulated from urban noise.
Diamond Island’s tower naming reflects its tropical-island branding. Major towers:
The original “island” themed towers. Mid-luxury finishes, family-sized units (predominantly 2-3BR), strong river views from upper floors. Best for families.
Premium-tier tower with upgraded finishes, larger penthouses. Most coveted for upper-floor units.
Boutique tower with smaller unit count but premium positioning. Good middle tier between standard Bahamas and premium Brilliant.
Additional tower blocks with varying unit mixes — studios through 3BR. Mid-luxury finishes consistent across the development.
Construction quality is consistent across all towers — the differences are primarily orientation (river-facing vs internal park-facing), unit mix, and minor finish variations.
| Unit type | Floor area | Notes |
|---|---|---|
| Studio | 40-55 m² | Limited supply, mainly Bahamas/Maldives |
| 1BR | 55-80 m² | All towers, popular for couples |
| 2BR standard | 80-115 m² | Master ensuite + 2nd BR + 2 baths |
| 2BR premium | 115-140 m² | Corner units, dual aspect, river view |
| 3BR standard | 110-145 m² | Three bedrooms + 2.5 baths |
| 3BR large | 145-180 m² | Premium 3BR with maid’s room |
| Penthouse | 200-350 m² | Top floors, private terraces, 360° views |
Standard inclusions: built-in kitchen with appliances, AC in all rooms, hot water, washer-dryer, built-in wardrobes, balcony. Mid-luxury finish standard — solid quality but not at Sunwah Pearl / Grand Marina premium tier.
| Unit type | Monthly rent (USD) |
|---|---|
| 1BR | $660-740 |
| 2BR | $810-1,000 |
| 3BR | $2,700 |
Diamond Island pricing offers strong value for the amenity package. Compared to similarly-amenitied developments in Binh Thanh or District 1, Diamond Island provides comparable luxury at 20-30% lower rent — at the cost of slightly longer commute to D1.
Diamond Island’s amenity package is the most extensive in District 2:
For families with kids, Diamond Island offers the closest thing to “resort vacation living” available in HCMC — with the practical benefit that it’s permanent rather than a hotel stay.
Diamond Island is ideal for:
Diamond Island is NOT ideal for:
| Factor | Diamond Island | Estella Heights | The Estella |
|---|---|---|---|
| Developer | Kusto Home | Keppel Land | Keppel + Tien Phuoc |
| Year built | 2017-2018 | 2017-2019 | 2013-2014 |
| Total units | ~3,500 | ~870 | ~720 |
| Beach club | Yes (unique) | No | No |
| On-site mall | No | Estella Place nearby | Yes (Estella Place) |
| School proximity | AIS/BIS best | ISHCMC nearest | ISHCMC nearest |
| Avg 2BR rent | $910 | $1,410 | $1,380 |
| Best for | Resort family | School + Singapore quality | Established mall convenience |
Yes — Diamond Island has actual imported sand beach areas with cabanas, lounge chairs, and beach club services. Not riverside concrete; genuine sand beach experience.
Bahamas, Bora Bora, Maldives, and Hawaii towers — predominantly 2-3BR family units with reasonable price-per-m². For larger penthouses, Brilliant Tower.
Yes — Diamond Island has one of the most pet-friendly policies in HCMC. Cats, dogs (including larger breeds), and exotic pets are generally accepted with landlord approval. Pet deposit typically $200-400.
Peak hours (7:30-9 AM and 5:30-7 PM) can have 10-15 min wait at the causeway. Off-peak commute is fine. Most working professionals adjust schedules accordingly.
Excellent — Diamond Island is one of the closest D2 luxury compounds to AIS (Australian International School, 8 min) and BIS (British International School, 10-12 min).
Yes — ground-floor F&B includes Vietnamese restaurants, cafés, convenience store. For Annam Gourmet or international groceries, Thao Dien is 10-15 min drive.
With 3,500 units, finding a layout match typically takes 5-10 days. Move-in 3-5 days after deposit.
Diamond Island is HCMC’s resort-island family choice. If you want maximum amenity package, private beach club, pet-friendly community, and close access to AIS/BIS schools — and you can accept slightly longer D1 commute — Diamond Island delivers a lifestyle no other HCMC compound offers.
Compared to alternatives: Estella Heights wins for ISHCMC families with Singapore-grade finishes. The Estella wins for mall convenience. Diamond Island wins for “resort lifestyle + family + pets.”
VietnamRenty has direct landlord relationships across all 9 Diamond Island towers — Bahamas through Brilliant.
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"We moved from Thao Dien to An Phu after looking for a newer building. The shift was barely noticeable — same shops, similar communities, but a brand-new tower with better insulation and quieter living.
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"An Phu is the next Thao Dien — it has the same expat feel but with newer building stock and faster D1 access via Mai Chi Tho. Watch this area: by 2027 it will have caught up entirely.
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"An Phu is excellent but commute via Mai Chi Tho can still bottleneck at peak hours. Worth doing a test drive at 8am before committing.
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