[4][5][6] Contract 935 for the construction and completion of Sungei Road station was awarded to Leighton Offshore Pte Ltd - John Holland Pty Ltd (Singapore Branch) Joint Venture at a sum of S$171.46 million (US$136.32 million) in May 2011.

[7] The construction had begun in July 2011 when the Pasar Lane and Pitt Street was closed to make way for Downtown Line with the road realigned on 6 April 2012.

After Downtown Line Stage 3 was completed, construction began on two new HDB flats, River Peaks I and II.

On 31 May 2017, the Land Transport Authority (LTA) announced that the station, together with the rest of DTL3, will be opened on 21 October that year.

Since March 2018, passengers can transfer between the two stations without a fare penalty, therefore skipping the loop of the Downtown Line.