Retail Giant Ikea in Japan Plans to Rent Out ‘Tiny Homes’ for Just R13.62 per Month in Tokyo

• The popular retail chain Ikea has launched a campaign under the name 'Tiny Homes', which provides incredibly cheap 'apartments' to residents of the Shinjuku neighbourhood of Tokyo
• The new project is promoting fully furnished 107-square-foot apartments for just 99 Japanese Yen (R13.62) a month
• The apartments have been designed in a loft style with designated space at the bottom for the bathroom and a washing machine

Retail giant Ikea has launched a new campaign dubbed 'Tiny Homes' as a way to provide a cost-efficient option for housing in the Shinjuku neighbourhood of Tokyo. The project involves Ikea renting out a series of cosy 107-square-foot apartments for just 99 Japanese yen (R13.62).

The recent release of the floor plan of the shockingly cheap apartments showed exactly how something like this could possibly work. Designed to be rented out on short-term leases up until 15 January, 2023, the apartments will follow a comfortable loft-style design.

Read also

An inside look into Sandhurst's luxury R150m mansion equipped with 10 car garage and 20 seater cinema

Along with a stepladder, the apartments are said to come with a set of specially designed furniture from Ikea.

Ikea has employed the help of their popular toy shark and mascot ‘Blåhaj’ as a way for the retail chain to promote their new project. Ikea has also made their way to YouTube where they have uploaded a series of videos to promote their tiny homes.

According to reports by Insider, consumers have to meet certain requirements. Although providing their own utilities such as a washing machine and fridge is a given, individuals will also need to apply for a free Ikea Family membership.

A recent report by Yahoo News highlights a statement by a spokesperson for Ikea in Japan, confirming that one of the apartments is now on the market.

Read also

Multi-million rand property listing in Joburg's Parkhurst has SA in awe: "Dreams"

An inside look into Sandhurst's luxury R150m mansion equipped with 10-car garage and 20-seater cinema

On the more expensive side of life, Briefly News reported that a luxurious home located in the wealthiest suburb in South Africa is selling for R150 million. The stunning house boasts six bedrooms and six bathrooms and is located in Sandhurst, overlooking Sandton.

The outstandingly spacious three-story abode has luxuries beyond your imagination. With a spa experience containing a salon, gym, sauna, two bathrooms and massage and steam rooms as well as a 20-seater cinema with its own bar, this house is insane.

That's not where the luxury stops though, it also has a private library with a spiral staircase that leads to a wine cellar, a billiards room (pool room), an entertainment bar and a 10-car garage. The payment scheme is wild.

Source: Briefly News