The Greater Rewards Group, backed by the Chinese-owned Homeland Property Developments, has acquired the 269ha subdivision south of Bowen for $3.5 million with plans to build 1,800 homes, plus an aged care and retirement living precinct, a commercial precinct with supermarket, childcare centre, sporting fields, community clubhouse and tavern.
The WA-based Aspen property group had bought the land for $23 million back in 2006 for a seafront residential estate and golf course but only built a first stage of around 200 homes.
A spokesperson for Greater Rewards says they were attracted by the area’s tourism and lifestyle potential.
“They see the Whitsundays area has huge untouched potential for tourism and also for people to buy and move into the area,” he said.
