Ikea will rent a 10 square meter apartment in Japan for less than $1

Swedish retailer IKEA Become a property renter in Japan With a small apartment being rented in Tokyo.

This 10 square meter property is located in and around Shinjuku District Leasing It will cost just 99 yen ($0.86) a month, according to details published by IKEA this week.

Only one unit available, fully furnished with IKEA furniture and accessories. The company is accepting applications from prospective tenants, who must be over 20 years old, by December 3.

The apartment will then be rented until January 15, 2023, according to IKEA. The tenant will have to pay their own utility bills.

Ten square meters isn’t a lot, but Ikea claims to have worked hard to make the most of the available space.

“One of the keys is making good use of vertical space,” the company said on its website. “By capturing the room in three dimensions, you open up new possibilities in a limited space.”

Tokyo is one of the most populous cities in the world, and it’s leading the trend of tiny apartments. The city is home to just over 14 million people, according to the Tokyo metropolitan government.

IKEA is promoting its tiny house with the help of a shark It’s called Blahaj, which appears in a series of promotional videos posted on YouTube.

Balhaj’s character depicts a medium who specializes in small spaces. In clips, Blahaj transformed the tiny apartment with the help of a member of Ikea’s interior design team. Check out one of the episodes in Japanese:

This isn’t the first time IKEA has been involved in real estate.

The company has a joint venture, BoKlok, with Swedish construction company Skanska, which has built affordable modular homes in Sweden, Finland and Norway.

In 2019, BoKlok introduced a new home style for dementia patients, designed to allow them to continue living at home.

Design tweaks included removing mirrors from the bathrooms and outfitting the kitchen with outdated buttons instead of digital controls.

* (Translated text. click here To read the original text in English)