Diamond Island Luxury Residences is Ascott’s fifth property to open in
Ho Chi Minh City.

Ho Chi Minh City, 25 September, 2014 – CapitaLand’s wholly-owned serviced residence
business unit, The Ascott Limited (Ascott), 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:
“Ascott is a pioneer in the serviced residence industry in Vietnam and has
built a strong reputation with our award-winning Somerset brand in the market
over the past 20 years.For Diamond Island, Ascott is managing these luxury
residences as corporate lease, unlike our other service 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. 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”

Mr
Chan added: “With the opening of Diamond Island Luxury Residences, we will provide
a wider range of accommodation options to cater to the different lifestyle
needs of our customers. Diamond Island Luxury Residences is part of a landmark
development that boasts strategic location with beautiful architecture and
design. Coupled with Ascott’s award-winning hospitality, the property will
certainly cater well to high net-worth local residents, expatriates and
business travellers looking for quality accommodation in Ho Chi Minh City’s
District 2. Diamond Island Luxury Residences further reinforces our leading
presence in Vietnam. Ascott currently has over 1,800 apartment units in 12
properties across four cities in the country – Ho Chi Minh City, Hanoi, Hai
Phong and Danang”.

Surrounded
by water, Diamond Island provides a uniquely tranquil environment that is
strategically located only ten minutes from the city center and adjacent to Thu
Thiem – the newly emerging heart of Ho Chi Minh City. It is a community that is
very much part of the city, and yet, closely linked with the natural elements
of wind, water and light.Diamond Island also provides exceptional views
of the city skyline reflected in both the Saigon River and our infinity pools –
particularly at sunset. Its location at a bend in the river provides dramatic
views in all directions.

Diamond
Island is the only architectural creation of Arata Isozaki in Ho Chi Minh City.
His vision for the project was inspired by Metabolism which was a prominent
post-war Japanese architectural movement which harmonized ideas of architectural
elements with natural forces. On Diamond Island, these ideas have been
articulated in the creation of a master plan and architecture that integrates
the buildings with the natural elements of wind, water and light. In order to
create this natural environment, almost 85% of Diamond Island has been devoted
to public space which includes gardens, lawns, and other natural areas. These
green areas are positioned along the waterfront as well as in the elevated
areas in the center of the development which helps to create natural gathering
areas and a sense of community.

Residents
can also relish the convenience and enjoy a complete lifestyle experience with
a myriad of recreational facilities in Diamond Island Premier Residences. These
include a marina, yacht, tennis courts, golf putting green, gymnasium, salt-water
swimming pools, water taxi, bicycles together with a 1.7-hectare garden and
2-kilometre promenade for leisure purpose. 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. Being close to prestigious
educational establishments such as the Australian International School,
International School of Ho Chi Minh City, British International School, and the
German International School,the property is more than ideal for families.

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
www.the-ascott.com, call
(84) 968 293 388 or email
enquiry.hochiminh@the-ascott.com.