Ikea’s Japan branch has just launched a project called “Tiny Homes” for residents in Shinjuku, Tokyo. The fully-furnished apartments are 107-square-feet and have a split-level loft design. These homes are meant for short-term rental agreements and cost only 99 Japanese Yen (R13,69).
Ikea Japan is leasing apartments for only R13!
Furnisher giant Ikea is now venturing into the real state market. The company’s Japanese branch has just launched a venture called Tiny Homes and allows Tokyo residents to lease small apartments for only R13.69 a month.
The tiny apartment has been designed loft-style and as an entrance, kitchenette, bathroom, and a space for a washing machine. Pull-out stairs allow occupants to climb up to the bedroom area which is elevated from the bottom space.
The apartments are decorated with Ikea furniture which comes with the apartment. Renters will however have to pay for utilities themselves.
Ikea’s famous toy shark, Blahaj has been used to promote the apartments and can be seen in promotional videos excitedly revealing the small space.
People who are interested in leasing the apartments can visit the “Blahaj real estate offices” in Tokyo to get more information. Insider reports that the tiny homes will be rented out on short-term leases until January 15, 2023.
Interested parties will also need to send in an application and apply for a free Ikea Family Membership to qualify.
The publication also reports that currently there is only one apartment up for grabs. The number of people who have applied for the apartment has not been revealed.
A welcomed idea
The Tiny Home project has been welcomed by online users who say that the idea will help give the less fortunate a decent housing option. Many of them also called on the Ikea project to be extended across the world.
“I would definitely apply.”