Shanghai-based China Capital had planned to build a new resort at South Molle, but are instead hoping to cash in on revived local demand for tropical islands.
The Chinese owners of South Molle Island in the Whitsundays are looking to cash in on the wave of fresh high net worth capital targeting tropical islands on the Great Barrier Reef after putting it on the market with price hopes of more than $30 million.
However, as with many ambitious plans to revive island resorts, these have failed to materialise – to date CCIG has only redeveloped the jetty – leaving it to the next owner to create a bankable tourism destination after the previous 188-room Adventure Island Whitsunday resort was destroyed by cyclone in 2017.
and Andrew and Nicole Forrest who purchased Lizard Island in November 2021 for $42 million. Both couples have since separated.$10 million in April by Singaporean hotel owner Well Smart Group. “The current owners have also undertaken a $10 million redevelopment of the jetty, to allow for marine vessels to drop off and pick up island visitors, given its popularity as a Whitsunday’s destination for multiple yacht charters,” he said.
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