Trump muses about condos on North Korea's 'great beaches'
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President Trump answers questions about the summit with North Korea leader Kim Jong Un during a press conference at the Capella resort on Sentosa Island Tuesday, June 12, 2018 in Singapore. (AP Photo/Evan Vucci)

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President Trump on Tuesday touted North Korea's untapped property market potential, and said one benefit North Korea would see if it opens up its economy could be placing the "best hotel in the world" on its coastline.

"They have great beaches. You see that whenever they're exploding their cannons into the ocean," Trump said during a marathon press conference held after the conclusion of his historic summit with North Korean leader Kim Jong Un in Singapore.

"I said, 'Boy, look at that view. Wouldn't that make a great condo? Instead of doing that you could have the best hotels in the world right there. Think of it from a real estate perspective, you have South Korea, you have China, and they own the land in the middle, how bad is that, right? It's great," Trump said.

The U.S. delegation, using economic development as an incentive for their North Korea counterparts to enter denuclearization talks, showed Kim a video simulation of possible projects that could take place in the rogue nation.

Despite telling Kim he could "do a smaller version" of the proposal, Trump expressed optimism that the North Korean head of state was interested in the ideas presented to him.

"Although I tell you what, he looked at that tape, he looked at that iPad, and I'm telling you they really enjoyed it I believe," Trump added.

In the wide-ranging solo press conference given after Kim had already left the Singapore, Trump announced North Korea had agreed to relinquish its nuclear weapons and was prepared to rewrite history to push for a lasting peace and complete denuclearization of the Korean Peninsula.

Trump is expected to leave Singapore at 7 p.m. local time.

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