Two folders have been placed on the table. We're waiting for the leaders to emerge.

We don't yet know what Mr Trump and Mr Kim have agreed to sign, but if land prices are to be trusted, then things are already looking up. South Korean land near the border with the North has seen a price jump since the thaw in January.

We just don't know what exactly it is they will sign.

"Complete, verifiable and irreversible denuclearisation (CVID) is nothing but poetic aspiration," James Crabtree of Lee Kuan Yew School of Public Policy told the BBC.

"It's like the West talking about a nuclear-free world. No-one believes this will happen. Of course Mr Kim will not give up his nuclear weapons. He doesn't want to and why would he?"

Lying on the table in the room where we're expecting to see the leaders any moment - a pen which appears to have Donald Trump's signature on it.

North Korean state TV is normally turned on at around 06:00 GMT (15:00 local time) - just under an hour from now, BBC Monitoring reports.

On the other hand, South Korea’s leading broadcaster KBS1 has been showing scenes from the summit in Singapore.

This is what North Koreans can see on TV right now.

If you're watching the video stream, we're watching journalists getting into place for an expected press conference from the two leaders.

A glimpse behind the scenes of what has been a very unpredictable day.

More from the BBC's Anthony Zurcher:

"International relations experts can debate whether the summit will encourage other rogue nations to develop nuclear weapons so they can negotiate with the US on equal footing. Diplomats may suspect that North Korea will eventually undermine or abandon any agreement, as it has in the past.

"Democrats will grouse that if Barack Obama had such an unconditional meeting, even entertaining notions of a round of golf, he would have been mercilessly denounced by conservatives.

"Those, however, are long-term issues and concerns. In the short term, barring some unforeseen disaster, even a Singapore meeting that is nothing more than a glorified photo-op is set to be a political win for the president."

The BBC's Anthony Zurcher in Washington writes:

"Fully 72% of the American public, in a recent Quinnipiac University poll, support the meeting with Mr Kim - even if 68% say they think Mr Kim will never give up his nuclear weapons.The US public welcomes the meeting but doesn’t expect much. That’s great news for the president.

"Given last year’s heated rhetoric of nuclear buttons and 'fire and fury' many Americans may simply agree with the famous Winston Churchill quote: 'Meeting jaw-to-jaw is better than war'."

The BBC's Barbara Plett Usher in Singapore says Donald Trump has had a relatively low-key visit so far.

"He seemed to be a bit more subdued than he might have been expected to be," she says, perhaps as a result of his tough time at the G7 summit. "A lot of his tweets from the summit so far have been about that," she says.

Here's what our correspondents in Singapore are saying.

Still no detail on what agreement they've reached. But a final quote from Mr Trump on that brief statement to press. He said it had gone "better than anybody could have expected."

Few analysts had expected him to emerge and say otherwise.

And here are Mr Trump and Mr Kim, walking through the gardens at the Capella - the luxury hotel hosting their meeting - before they head towards a "signing".

Image source, AFP

Mr Trump said they're now headed to sign something. What can we expect from that? Prof Robert Kelly tells the BBC it might be something rather general like the declaration at the inter-Korean summit and hence "something long on principle but short on detail".

Mr Trump says he is the master of all deals - and wants Kim Jong-un to trust him. But North Korea will be closely watching his record. The US had a denuclearisation deal with Iran - and Mr Trump backed out of that one. He also just this weekend agreed with G7 leaders on a final statement - only to withdraw the US from it via a tweet from Air Force One.

We don't know. Mr Trump said we would "find out in a couple of minutes".