Iconic Swedish furniture brand Ikea has begun renting small duplex apartments in the overpopulated Japanese capital Tokyo for less than a dollar per month.
Home to some 14 million people, Tokyo has a very high demand for real estate, which Ikea decided to use to its own advantage.
A company with expertise in ‘functional minimalism’, Ikea fitted a number of 10-square-meter flats with its space-saving furniture to promote the idea that even the smallest apartment can offer comfort if furnished wisely.