A novel elastoplastic constitutive model with an egg-shaped yield surface (ESE model) is proposed herein to elucidate the strength-deformation characteristics of marine soft clay. One of the key improvements offered by this model is its ability to address the singularity associated with plastic strain increments at yield surface corners—a limitation commonly encountered in traditional elastoplastic models. Additionally, the proposed model demonstrates flexibility, as it can transform into various forms under different conditions. Subsequently, to evaluate the efficacy of this egg-shaped elastoplastic model, numerical simulations are performed within the finite element software ABAQUS using an implicit integration algorithm through the user material subroutine interface (UMAT). The simulations encompass standard triaxial consolidation tests involving saturated soft clay sourced from the Itsukaichi marine clay as well as two types of saturated kaolin clays. The outcomes derived from these simulations by the ESE model are compared with both empirical data and numerical simulations originating from the widely employed Modified Cam-Clay (MCC) model. The simulations of the ESE model for three conventional triaxial tests on clay demonstrate superior concordance with experimental measurements in comparison to the MCC model. This underscores the efficacy of the proposed ESE model in predicting the strength and deformation characteristics manifested by coastal soft clays under undrained conditions. Finally, the predictions for deformation in an adjacent tunnel according to the ESE model closely align with experimental measurements and prior to the simulations conducted using the MCC model and advanced models such as the bounding surface model and the unified model, thereby affirming its practical utility in engineering applications.