The Championship golf tournament has been relocated to a new venue in Singapore following "staging issues" with original host South Korea, the Asian Tour said Thursday.

The Laguna National Golf and Country Club will now host next month's $1.5 million European Tour co-sanctioned event, which marks a first return to the island-state for both tours since the staging of the 2012 Singapore Open.

According to media reports in Seoul, a lack of corporate sponsors led to the event being shifted to Singapore even though The Championship aims to return to Korea, where it has been staged since 2008, next year.