'The Government believes in taking a long-term view. Even in this storm, we must continue to invest in the future, and make this the best home for all Singaporeans,' he said.

He listed four areas: Preparing for a silvering society, upgrading housing neighbourhoods, bringing up the next generation and strengthening bonds between the young and old.

However, the growing ranks of the greying generation were his main focus yesterday when he attended a wellness carnival for the elderly in Jurong Central.

It is one of 12 constituencies that piloted a Wellness Programme for the elderly last year that includes three main parts: health screening with follow-ups for those with health risks, regular exercise programmes and social activities.

But Jurong Central was first to do so as the MP of the ward - which is part of Jurong GRC - is Minister-in-charge of ageing issues Lim Boon Heng.

Mr Lim, who gave a speech before PM Lee, spoke of the plight of the elderly, a fast-growing group that is also living longer. Singapore has 300,000 people older than 65, and their numbers will swell to 900,000 by 2030.

Noting that loneliness is the elderly's biggest problem, he highlighted how the Wellness Programme provides companionship via activities with other seniors.

Physical activities - such as brisk walking, dancing, cycling or gardening - are organised to be fun as well as social events, he added.

Mr Lim told reporters he wants to roll out the programme to all constituencies by 2011. Each will get $400,000 for it.

Read the full story in today's edition of The Straits Times.