Kuala Lumpur’s landscape is rapidly changing, and a significant part of this transformation is the construction of the SPE highway.
It connects almost every major area in Greater Kuala Lumpur and links to numerous existing highways.
This also means properties in the highway area can highly benefit from it – a perfect chance to invest in property in the area!
Let’s discover which properties are perfect for investment around the SPE highway!
| SPE highway and benefits for property investors |
Is the SPE highway open to motorists?
As of 11.59pm on 3 November 2023, the SPE highway is officially open to motorists!
The long-awaited SPE highway was initially slated for completion in early 2020.
Plus, motorists get to enjoy free toll for a month, until 2 December 2023. After one month, motorists will be charged a toll fee of RM3.50.
What to know about the SPE highway
The 29.8km SPE begins at MRR2 and cuts across key locations like UTAR, Wangsa Maju, Setiawangsa, Ampang, TRX, Bandar Malaysia, and Kerinchi, and connects to the SPRINT Highway.
According to the latest Ekovest Newsletter, the SPE will feature seven major interchanges, each serving existing and upcoming hotspots.
For instance, interchange no. 4 links to AKLEH, leading directly to the KLCC carpark, while interchange no. 5 connects to Bulatan Kampung Pandan/Jalan Tun Razak, providing direct access to TRX.
Interchange no. 6 is particularly noteworthy as it offers access to the HSR terminus and Bandar Malaysia before joining the SPRINT highway.
The following is the toll rates for the SPE highway:
| Class | Type of vehicles | Rate (in Malaysian Ringgit (RM)) |
|---|---|---|
| 0 | Motorcycles, bicycles or vehicles with 2 or less wheels | Free |
| 1 | Vehicles with 2 axles and 3 or 4 wheels excluding taxis | RM 3.50 |
| 2 | Vehicles with 2 axles and 5 or 6 wheels excluding buses | RM 7.00 |
| 3 | Vehicles with 3 or more axles | RM 10.50 |
| 4 | Taxis | RM 1.80 |
| 5 | Buses | RM 3.50 |
Who will benefit from the SPE highway?
With its connectivity, especially with Duke 1 and Duke 2, it’s the go-to route for those seeking to avoid the notorious KL traffic jams.
Certain properties are set to reap the benefits of enhanced accessibility due to the SPE.
These include (among others):
- The Veo
- The Ridge
- Sentrio Desa Pandan
- Irama Wangsa Maju
- Saville Melawati
- Bangsar South
However, some properties, including Sunway Montana, Resident 3, and Casa Rimba Desa Melawati might face challenges like noise or view pollution due to their closeness to the SPE.
Potential benefits for property investors
The SPE offers residents an alternative to the notorious MRR2 traffic, ensuring quicker commutes to places like KLCC and Bukit Bintang.
Similarly, Pantai and Bangsar South areas stand to benefit significantly. Known for heavy traffic, these areas will not only have an alternative route via the SPE but will also be just a few minutes away from Bandar Malaysia and TRX.
The SPE’s completion means motorists will have an alternative (though tolled) route for faster travel, avoiding congested roads.
Hotspots surrounding SPE highway
The SPE stretch offers easy access and connects users to various hotspots such as:
- KLCC
- Pavilion
- Mytown
- KL East Mall
- Setapak Central
- Tun Razak Exchange (TRX)
- Midvalley Megamall
- Wangsa Walk Mall
- KL Gateway Mall
From an investment point of view, properties near these interchanges, like Savile Melawati, could see substantial benefits such as the above.
However, they might have to compromise on views and deal with noise pollution.
It also bridges the North and South Klang Valley which could bring significant impacts on property values and investment strategies in the area.
In conclusion, the SPE highway is set to redefine Kuala Lumpur’s traffic dynamics and property landscape. As it nears completion, both residents and investors should keep an eye on its potential impacts and opportunities.
This is your chance to buy property around the SPE! Grab this opportunity for investment and gain great returns! Consult with one of our property professionals to ensure you’re on the right track.