Tokyo: Ikea is renting out 10-square-meter apartment for about 99 yen per month

Ikea which sells rey-to-assemble furniture, kitchenware and home accessories is renting little apartments in Tokyo, according to announcement revealed earlier this week. Swedish company specified that 10-square-meter apartment which is located in Shinjuku will cost only 99 yen per month to rent, as per reports of CNN. re is only one unit available, which is completely furnished with Ikea furniture and accessories. Until December 3, company is collecting applications from potential tenants who must be at least 20 years old.

According to CNN, Ikea also stated that flat will be rented out for a period of time ending on January 15, 2023. Utility bills will have to be paid by tenant. Ikea claims to have me most of space. On its website, Ikea stated that one of secrets is to make effective use of vertical space.

Ikea Japan shared a post on Instagram

Ikea Japan shared a post on Instagram featuring images of apartment with a long descriptive caption which re, "A small apartment in Tokyo, fully coordinated with IKEA furniture and ideas, currently accepting tenants at a monthly rent of 99 yen. If you are interested, please on link in our profile and apply."

Tokyo is one of world's most densely populated cities, with a population of over 14 million people, according to Tokyo Metropolitan Government.  dense population of city might fuel craze of a micro-apartment. Ikea is promoting se apartments with help of a character of a shark named Blahaj, who frequently appears in a series of YouTube promotional s.  real estate offices are opened in Tokyo from November 11 and will be opened till November 30 at Ikea's Shinjuku store, according to Insider. At store, visitors can learn more about se apartments.

This isn't first time Ikea has dabbled in real estate market

This isn't first time Ikea has dabbled in real estate market as it has a joint venture with Skanska, which is a Swedish construction firm named BoKlok, which is a residential housing idea that enables homeowners to own a home for long term. In 2019, BoKlok introduced a new dementia-friendly home design. Around 13,000 dwellings have been built in Sweden, Finland, Norway, and United Kingdom, according to BoKlok's official website.

Image: Instagram/@ikeajapan