Punggol MRT station was built as part of the contract 712, when it was supposed to be a reserved station. The government gave the green light to construct the North East Line in 1996. The Punggol New Town was announced in 1997, and construction of the flats began in October 1999, together with the Punggol LRT. In 2002, both of the LRT station and the MRT station were completed. Access roads of Punggol Central from Punggol Road were built at the same time. The station opened with the rest of the line in 20 June 2003. After finishing the construction of underground platforms at Punggol (at basement 2), construction began on the Punggol LRT in 2000, which had a middle platform on the LRT side (at level 2). The Punggol LRT station was opened on 29 January 2005 and served only the East Loop before the opening of the West Loop on 29 June 2014.
Punggol station is currently the only MRT station located within Punggol planning area and is the current northern terminus on the North East Line. In 2023, Punggol Coast MRT station will replace it as the new northern terminus.
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