A mall was built in Manila, Philippines, on coastal land that had been underwater until it was built up prior to the mall's construction. What must have been TRUE regarding rent from land in the Manila area?

Question

Quizplus · Accepted Answer

The construction of a mall on previously underwater land in Manila suggests that the potential return on investment, including the costs of making the land suitable for construction, was expected to be positive. This implies that rent from land in the area was high enough to justify such an investment.

A Mall Was Built in Manila, Philippines, on Coastal Land