Ikea is offering a tiny apartment in Tokyo for less than $1 per month

CNN -- Nov 26
Swedish retailer Ikea is becoming a landlord in Japan with a tiny apartment it will rent out in Tokyo.

The 10-square-meter (107-square-foot) apartment is located in the Shinjuku district and will cost just 99 yen ($0.86) 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. 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 January 15, 2023, said Ikea. The tenant will have to pay their own utility bills.

Ten square meters isn't much, but Ikea say they have worked hard to make the most of the available area.

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 specializes 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.