The station was first announced on 29 October 2015 as part of the Stage 6 of the Circle Line. Contract 885 for the construction of Prince Edward station and associated tunnels was awarded to China Railway Tunnel Group Co., Ltd (Singapore Branch) at a sum of in October 2017. Construction began at the end of 2017, with expected completion in 2026. Three station names – 'Prince Edward Road', 'Palmer Road' and 'Parsi Road' – were shortlisted by the Land Transport Authority (LTA) for public voting. The station name was then finalised as Prince Edward Road. To facilitate the station's construction, the Shenton Way Bus Terminal was relocated on 25 June 2017. On 8 March 2020, the concrete casting for the station's underground roof slab was completed. The Tunnel Boring Machine (TBM) Sun Wu has also completed half of the tunnelling works towards the adjacent Cantonment station. Due to the
COVID-19 pandemic, tunnelling work was briefly suspended to prevent any spread of the virus. In September, the Sun Wu TBM managed to tunnel underneath the old Tanjong Pagar Railway station building. The tunnelling towards the station required close monitoring with devices installed to ensure no damage made to the sculptures and interior of the station. ==Station details==