If it is the Green Tinted chipboard ....it's called Kaberdek, it's good quality and highly water resistant .....it's used a lot in the Timber frame industry .... the joiners often errect the building structure and lay the floor to give them a working platform - while they construct the outer walls and roof .....they use Kaberdek as it can get soaked without causing problems. For the same reason, it's also popular in the aftermarket for use in bathrooms and kitchens.
It comes in 18mm and 22mm - if it's upstairs in a modern house then it's most likely to be 18mm, if it's downstairs it's most likely to be 22mm ....it's vacuum treated (rather than just dipped) ...... so it's very stable if it gets wet .....so, provided it's properly laid and well screwed down, then the chances are good that it will survive without problems.
The "wetting" from the tiling process certainly won't damage it - it will dry out fine without swelling.......it's what happens to it in it's lifetime that could cause problems !!! .....so, as the guys say ....use a good flexi addy and grout and also seal well round the perimiter with silicon, to minimise the chances of water ingress.
I did a number of these for a contractor over 10 years ago and (as I still know a few people that own the houses) .....I know they are still good to this day, I've also done a few within my family and they are all still fine too.
As the guys say though ....this is still NOT recommended for tiling - and it's always best to overboard if at all possible :yes:
What worries me Kimik .....is that you say "it looks like MDF" .....there are some other kinds of fibrous boards out there and some of them are cheap and nasty and will swell big time if they get wet ......so you do really need to check what this stuff is .....personally, I would be happy to take the risk with Kaberdek, but not anything else (unless it's waterproof and designed for that use)
Hope that helps anyway, good luck