Chinese Owner Lists Whitsundays Private Island for Sale

While a price guide has yet to be disclosed, the island was previously listed at approximately $30 million in 2023.

This photo taken on Nov. 20, 2014, shows an aerial view of the Great Barrier Reef off the Whitsunday Islands coast, along Queensland's central coast. Sarah Lai/AFP via Getty Images

A once-thriving holiday island in Queensland’s Whitsundays has quietly returned to the market, this time from the hands of a Chinese billionaire, with agents describing it as one of the most unique tourism development opportunities in Australia.

South Molle Island, long dormant following a cyclone and years of neglect, is being offered for sale by its current owners, China Capital Investment Group (CCIG), a Shanghai-based conglomerate helmed by billionaire Chuanyou Zhou, known for his investments in real estate and infrastructure.