Ascott Launches corporate property on Diamond Island

Serviced residence business The Ascott Limited has opened its fifth property in Ho Chi Minh City. The new Diamond Island Luxury Residences is located in District 2, which is earmarked to become Vietnam’s new commercial and financial centre. This property offers 50 apartments for corporate lease.

Mr. Mark Chan, Ascott’s Country General Manager for Vietnam, said the company was managing these luxury residences as corporate lease, unlike their other serviced residences.

“The main differences between corporate lease and service residences are corporate lease units comes either fully furnished or unfurnished, as some tenants may want to bring in their own furniture, and there are no or very limited housekeeping services provided,” he said.

“Nevertheless, both serviced residences and corporate lease apartments offer dwellers the option of sharing spacious apartment with family or friends, ample cooking facilities, whilst having the privacy of individual bedrooms.”

The development includes a marina, tennis courts, golf putting green, gymnasium, salt-water swimming pools, water taxi, bicycles together with a 1.7-hectare garden and 2-kilometre promenade. In addition, there are facilities such as a fully-equipped meeting room, a dental clinic, supermarket, restaurant and boutique retail stores located on the island. It is also close to prestigious educational establishments such as the Australian International School, International School of Ho Chi Minh City and the British International School.

To celebrate the opening of Diamond Island Luxury Residences, Ascott is offering special introductory monthly rates from USD 1,700 for One-bedroom Premier Apartment. For reservations or more information, please visit, call (84) 968 293 388 or email