The article "International Real Estate" examines the real estate markets in major Asian cities using economic theory. It looks at what defines the Asian real estate sector, how it behaves in terms of prices and other factors, its structure, and its ability to generate sustainable returns. The study shows that real estate market uncertainty in Asia is influenced by both demand and supply factors, as well as public policies. Despite differences in maturity levels among Asian cities, similar principles apply to real estate market analysis. The research also explores techniques for managing market uncertainty at the portfolio level, such as real estate asset allocation and real option analysis.