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Ikea is offering a tiny apartment in Tokyo, Japan for just over $1 per month

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Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo.

The 10-square-metre apartment is located in the Shinjuku district and will cost just 99 yen ($1.19) per month to rent, according to details released by Ikea this week.

Only one unit is available, and it is fully furnished with Ikea furniture and accessories.

Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo. (CNN)

The company is accepting applications from potential tenants, who must be over 20 years old, until December 3.

The apartment will then be rented out with a lease through to January 15, 2023, Ikea said.

The tenant will have to pay their own utility bills.

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

“One of the keys is to make good use of the vertical space,” the company said on its website.

“By capturing the room three-dimensionally, new possibilities open up in a limited space.”

The 10-square-meter apartment is located in the Shinjuku district and will cost just 99 yen ($1.19) per month to rent, according to details released by Ikea this week.
The 10-square-metre apartment is located in the Shinjuku district and will cost just 99 yen ($1.19) per month to rent, according to details released by Ikea this week. (Ikea Japan)
Tokyo is one of the most densely populated cities in the world, driving a trend for micro-apartments.

It is home to just over 14 million people, according to the Tokyo Metropolitan Government.

Ikea is promoting its tiny home with the help of a shark named Blahaj, who features in a series of promotional videos published on YouTube.

The character Blahaj portrays a real estate agent that specialises in small spaces.

In the clips, Blahaj sets out his vision for the tiny apartment with the help of a member of the Ikea interior design team.

The 10-square-meter apartment is located in the Shinjuku district and will cost just 99 yen ($1.19) per month to rent, according to details released by Ikea this week.
Ten square metres isn’t much, but Ikea say they have worked hard to make the most of the available area. (Ikea Japan)

This is not the first time Ikea has got involved in 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, designed to let them continue living at home.

Design tweaks included taking mirrors out of bathrooms and fitting kitchen appliances with old-fashioned knobs, rather than digital controls.

Bondi Beach property sells for $1 million over reserve


Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo.

The 10-square-metre apartment is located in the Shinjuku district and will cost just 99 yen ($1.19) per month to rent, according to details released by Ikea this week.

Only one unit is available, and it is fully furnished with Ikea furniture and accessories.

Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo.
Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo. (CNN)

The company is accepting applications from potential tenants, who must be over 20 years old, until December 3.

The apartment will then be rented out with a lease through to January 15, 2023, Ikea said.

The tenant will have to pay their own utility bills.

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

“One of the keys is to make good use of the vertical space,” the company said on its website.

“By capturing the room three-dimensionally, new possibilities open up in a limited space.”

The 10-square-meter apartment is located in the Shinjuku district and will cost just 99 yen ($1.19) per month to rent, according to details released by Ikea this week.
The 10-square-metre apartment is located in the Shinjuku district and will cost just 99 yen ($1.19) per month to rent, according to details released by Ikea this week. (Ikea Japan)
Tokyo is one of the most densely populated cities in the world, driving a trend for micro-apartments.

It is home to just over 14 million people, according to the Tokyo Metropolitan Government.

Ikea is promoting its tiny home with the help of a shark named Blahaj, who features in a series of promotional videos published on YouTube.

The character Blahaj portrays a real estate agent that specialises in small spaces.

In the clips, Blahaj sets out his vision for the tiny apartment with the help of a member of the Ikea interior design team.

The 10-square-meter apartment is located in the Shinjuku district and will cost just 99 yen ($1.19) per month to rent, according to details released by Ikea this week.
Ten square metres isn’t much, but Ikea say they have worked hard to make the most of the available area. (Ikea Japan)

This is not the first time Ikea has got involved in 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, designed to let them continue living at home.

Design tweaks included taking mirrors out of bathrooms and fitting kitchen appliances with old-fashioned knobs, rather than digital controls.

Bondi Beach property sells for $1 million over reserve

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