China property prices have skyrocket in the past few years. Developers who want a part of this action build up massive towns with impressive buildings in china hoping to earn some profits. However, it looks like the towns that are built are becoming vacant and now known as ghost towns. Is this the start of a property market crash?

One example is this impressive town developed by Zhejiang Guangsha Co. Ltd. It was started in 2007 and one of the major construction is a replica of the Eiffel Tower and parisan houses. It is designed to accommodate at least 10000 people but remains sparsely populated until now. (Source: Yahoo news sg)

*Photos by Reuters...