Ikea offers a small apartment in Tokyo for less than $ 1 a month


Ikea has expanded into real estate and is currently offering small homes in Japan for less than $ 1 per month as part of Tiny Homes’ apartment rental service campaign.

The Swedish retail giant, best known for its compact and low-priced furniture, shared details of the new apartment. release this week.

As part of a new campaign, IKEA is renting a 107-square-foot apartment in the Shinjuku area of ​​Tokyo to members of the IKEA family for just $ 99 ($ ​​0.86).

Currently, only one small house is available and the rent does not include moving or utility costs, but it is fully equipped with Ikea furniture and accessories.

From now until December 3, the company is accepting applications from applicants over the age of 20. Future apartment owners will move to their new home from December 15, 2021 to January 15, 2023.

A 10m2 apartment that looks like a room may look small, but the Dutch-based company was, of course, able to make the most of the space.

The apartment has a loft space for a bed, a washing machine, a kitchenette, a bathroom with a toilet and a shower, and of course IKEA furniture and decoration.

“One of the key points is to make good use of vertical space,” he said on the company’s website. “By capturing the room three-dimensionally, new possibilities open up in a limited space.”

However, future homeowners will need to take their own videos and photos of living in the property. You must also participate in other activities that IKEA “instructs separately”. However, it does not provide details on these activities.

With the help of the frontman, Ikea promotes a small apartment in the form of a giant shark plush toy named Blahaj. Instagram..

According to the population density, there are 6,158 people per square kilometer. Tokyo, Tokyo is one of the most densely populated cities in the world.

However, while housing prices continue to rise in major cities around the world, they have barely risen in Tokyo since 1995, in part due to the fact that construction companies are outpacing supply and demand. The Wall Street Journal Reported in 2019.

According to the report, the number of housing starts in Japan increased by 4.3% from the previous year in September 2021. Official statistics. This figure shows that the increase in housing starts since March is the weakest, but it is still significantly higher than in the United States. In the United States that same month, housing starts fell 1.6% below expectations due to a serious shortage of raw materials and labor.

Data released on 9th September Realtor.com Showed that the United States has less than 5.24 million homes. This increased from 3.84 million in 2019 to 1.4 million due to rising housing demand across the country and a shortage of materials and workers in the construction industry.

“The pandemic has certainly exacerbated the housing shortage in the United States, but the data show that household composition exceeded new construction long before COVID. Simply put, new construction supplies have been in the last five years. It didn’t meet the demand, “said Daniel Hale, Chief Economist at Realtor.com. Told CNBC During September.

Catabella Roberts


Katabella Roberts is a reporter currently based in Turkey. She focuses primarily on the United States and covers the news and business of The Epoch Times.