DRAWN by the promise of an income for life, caretaker Adali Sadap, 74, was one of several Ang Mo Kio residents who signed up for HDB's Lease Buyback Scheme on Sunday.

In all, about 200 elderly Singaporeans have taken up the offer since its launch last month, said Prime Minister Lee Hsien Loong at a roadshow pitching the scheme to his constituents.

Those who qualify will sell to the HDB the tail-end of their lease at market rate, and the proceeds will be used to buy an annuity from the CPF Board.

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