The committee also advised that the maturity should not be more than 15 years as it is hard for the capital market to form price expectations beyond 15 years.
The main disadvantage with penetration pricing is that it establishes long term price expectations for the product, and image preconceptions for the brand and company.
We remain mindful and disciplined with regard to the fundamentals of land investment and its development in an environment of high land price expectations.
If the government employed monetary expansion in order to increase output, agents would foresee the effects, and wage and price expectations would be revised upwards accordingly.
