China Property Woes Put $1 Billion of Loans at Risk in Just Days

Banks in Asia are getting caught in the latest flare-ups in China’s real estate crisis, as more than $1 billion in property-backed loans is at risk of default unless extension or refinancing deals can be reached.

Hong Kong developer Parkview Group Ltd. has a $940 million loan due on Friday that it’s aiming to extend by a year, but talks are still ongoing as Taiwanese lender Bank of Panhsin as of Thursday had yet to approve a rollover of its portion of the loan, according to people familiar with the matter.

Separately, a fund led by private equity firm Gaw ...