Prime Minister-elect Christopher Luxon told 1News that it is the intention for leaders to meet amid coalition talks with ACT and New Zealand First.
However, the pace of negotiations means he won't be going to APEC.
He said that it was an "important week" for negotiations and that "great progress" has been made.
"We’ve got issues to close out with both parties and we’re gonna work our way through that."
Luxon did not comment on whether the foreign buyers tax policy was a sticking point for the agreement.
"As I’ve said from day one, they’re conversations that we keep confidential to the parties, and our conversations with them."
This comes after former Reserve Bank economist Michael Reddell told Breakfast that he expected the plan to be "sacrificed" amid coalition talks.
"New Zealand First has been pretty staunch in being opposed to opening up investment in these sorts of areas. So, odds are against it."
When asked if negotiations were taking longer than he thought, Luxon said "it just is what it is".
"It’ll take as much time as it takes to get it right because as I keep saying we’re not selecting flatmates, we’re selecting a long-term Government."
Luxon won't be attending APEC in San Francisco this week.
He told 1News before that was confirmed that coalition negotiations are "more important".
"It’s important that we form a strong, stable Government for New Zealanders and that’s what we’re gonna do."
ACT leader David Seymour said that the parties were "narrowing the range of issues we need to agree on", describing the negotiations as "largely positive".
He said that a meeting between Luxon, Peters and himself was "inevitable".
"Nothing scheduled right now but often, we organise stuff within a few hours, so I can't actually say that right now at 10 o'clock but you never know."
When asked if the presence of the whole ACT caucus signalled that a deal could be struck today, Seymour said that he did not think so.
"I think it's a sign that we're getting closer to being back into the normal swing of things in Parliament and if that can be the case then we're very hopeful."
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