Proponents of these developments argue that they will bolster the city's economy, while critics worry that they will block waterfront views and increase traffic congestion.
The scheme would also create a publicly accessible promenade and waterfront, and visitor parking as well as workshops, stores and ancillary facilities.
Large amounts had been budgeted and spent for projects related to waterfront development including dredging and port development but nothing tangible had been done.
Brochures listed the waterfront homes priced from $19,800 and inland homes from $14,900; plots for self-development varied from $2,550 for inland and from $5,495 for waterfront sites.