THE University of Chicago Graduate School of Business is to move from its Penang Road campus to a bigger site in Tanglin Village next year.

The school's Asian campus, set up here in 2000, plans to offer more classes and also services like career counselling.

Its Tanglin Village campus - the groundbreaking for which took place on Thursday - will have 18 study rooms, a student lounge and 29 offices and meeting rooms.

The school enrols about 90 students per intake for its executive MBA course; more than 1,000 others go through its executive programmes every year.

'The Chicago Graduate School of Business' decision to switch from renting space to building its own Asian campus strongly reflects its confidence in, and commitment to, Singapore,' said Economic Development Board chairman Lim Siong Guan at its groundbreaking ceremony.