Located underneath Marine Parade Road, the station serves both public and private residences as well as many schools in the area.

First announced in August 2014, Marine Terrace station was constructed as part of Phase 4 of the TEL.

On 15 August 2014, the Land Transport Authority (LTA) announced that Marine Terrace station would be part of the proposed Thomson–East Coast line (TEL).

[6][7][8] Initially expected to open in 2023, the restrictions on the construction of the station due to the COVID-19 pandemic led to delays, and the date was pushed to 2024.

[21][23] It is one of the first 3 stations on the MRT network to contain underground bicycle parking spaces, along with Marine Parade and Bayshore stations, with Marine Terrace containing 202 bike parking lots as well as bike lifts.