Ikea is offering a tiny apartment in Tokyo for less than $1 per month

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The 10-sq-metre (107-sq-ft) apartment is located in the Shinjuku district and will cost just 99 yen ($0.86) per month to rent. description Released this week by Ikea.

Only one unit is available, and it is fully furnished with Ikea furniture and accessories. The company is accepting applications from potential tenants who must be over the age of 20 as of December 3.

Ikea said the apartment would be rented with a lease until January 15, 2023. The tenant will have to pay his own utility bills.

Ten square meters isn’t much, but Ikea says they’ve worked hard to make the most of the available area.

“One of the keys is to make good use of vertical space,” the company said on its website. “By capturing the room three-dimensionally, new possibilities open up in a confined space.”

Tokyo is one of Most densely populated city in the world, is driving a trend for micro apartments. It’s 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 named Blahaj, who is featured in a series of promotional videos published on YouTube.

Blahaj’s character portrays a real estate agent who specializes in small spaces. In the clip, Blahaj sets out his vision for the tiny apartment with the help of a member of the Ikea interior design team.

This isn’t the first time Ikea has been involved in the property.

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 Launched a new style of home for dementia patients, they are designed to continue staying at home.

Changes to the design included removing bathroom mirrors and fitting kitchen appliances with old-fashioned knobs instead of digital controls.

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