What does Australia do with some of the most beautiful islands on earth? Sell them off to the Chinese of course. The average Aussie is little more than a stumbling zombie so who cares anyway, right? Who needs food, water, air & while we are at it, who needs a country anymore? Better start learning mandarin for our new masters & convert to Islam just to keep everyone happy. It’s not all doom & gloom, because the new season of the Bachelor is underway & the Bulldogs won tonight. We are being told how great this all is for tourism, my ass & it defies belief that Chinese investors can just walk in & snap up Great Barrier Reef Islands like this.
South Molle has been snapped by China Capital Investment Group.
Chinese investors have purchased South Molle Island in the heart of the Whitsundays.
China Capital Investment Group (CCIG) have snapped up the island for a reported $25 million, a little more than a year after buying the nearby Daydream Island Resort and Spa.
South Molle features more than 12 hectares of developable absolute beachfront land and boasts lush rainforest, secluded bays and fringing reefs.
Long-time owner Craig Ross put the perpetual leasehold for the island, which has been operating as a backpacker haven, on the market in April.
CCIG said purchasing the island was a great opportunity to expand its presence in the Whitsundays.
Daydream Island Resort and Spa chief executive officer Scott Wilkinson said the investment reflected the confidence the Shanghai-based group had in Australian tourism assets.
“This was a great opportunity to acquire one of the last large-scale development opportunities in the Great Barrier Reef,” he said.
“Owning two island resorts like these in the Whitsundays will also provide economies in regards to resources and staffing and ultimately the diversity of guest experiences.”