BANGKOK: Siam Amazing Park has been severely damaged by flooding, forcing a temporary closure and causing at least THB500 million in preliminary damage.
In response to the crisis, the park's owner, Dr Chaiwat Luangamornlert, has stated he is open to selling the business.
The potential sale price for the amusement park is approximately THB10 billion.
The park's future is uncertain, as its reopening depends on government relief, financial support, and extensive repairs to its submerged rides.
Flooding in Bangkok has severely damaged Siam Park City, also known as Siam Amazing Park, a landmark amusement park in Thailand for more than 46 years.
The park occupies more than 40 hectares and has more than 30 rides.
The park has weathered previous crises and continued operating despite years of losses, sustained by dedication to the business.
With severe flooding in the area still unresolved, it was forced to close temporarily on Saturday (September 26, 2026), with the shutdown initially expected to last about six months.
The situation leaves open the question of whether its owner might lose heart and no longer wish to continue.
Dr Chaiwat Luangamornlert, the park's executive chairman and founder, described October 1 as the biggest crisis of his life.
Severe flooding submerged the entire water park and amusement park, forcing a closure expected to last at least six months.
He put preliminary damage at no less than THB500 million.
Repairs and maintenance were estimated at about THB300 million, while wages and employee support during the shutdown would cost around THB100 million.
Other parts of the park also needed improvements, and at least THB500 million in funding would have to be secured for recovery.
In an update on October 3, Chaiwat said floodwater had entered the site rapidly within a single day, leaving no time to prepare or put flood protection measures in place because no advance information had been received.
He said he would try to speed up restoration so the park could reopen in about three months, compared with the earlier estimate of around six months.
Arrangements were being made to bring in engineers from the countries where the rides were manufactured to assess the damage and check their safety before they could operate again.
Chaiwat said the park’s future depended on several factors, including government relief, support from financial institutions and the public’s response.
With expenses and employee wages still payable, he could not confirm whether the business could continue.
Chaiwat also told the media that, if anyone was interested in taking over the business, the park was open to a sale for about THB10 billion. - The Nation/ANN
