The Chongqing nail house has been destroyed, according to this report on Netease (in Chinese), illustrated with images by a Xinhua News Agency photographer.
‘Nail house’ (钉子户) refers to a house whose owners refuse to move out to make way for redevelopment. The Nail House of Chongqing rose rapidly to national fame in the last few weeks, largely because photos of the house looked so cool, and were spread rapidly around the Internet.
The Netease article does not mention the settlement or what happened to the owners of the house.
UPDATE: From ESWN:
The Settlement Terms for the Chongqing Nail House
According to the Jiulongpo People’s Court, the two-storey building was valuated at 2.47 million RMB while the real estate developer offered a replacement shop/home building valuated at 3.06 RMB; as a result, the house owners Yang/Wu will pay back the difference of 590,000 RMB to the developer.
Furthermore, the real estate develop will pay compensation to the amount of 900,000 RMB for business losses plus 105,000 RMB for property damage and moving expenses. This is coming down from the 5 million plus RMB originally demanded by Yang/Wu.
See these posts on Danwei for more information about the Nail House:
March 22: Property rights: the coolest nail house in history
March 27: Uncensored new media: Chongqing nail house videos
March 29: Nail House news
On other websites:
ESWN: Southern Weekend’s Investigative Report on the Chongqing Nail House, The Nailhouse Case and the Birth of Citizen Journalism
Global Voices: China’s first citizen reporter
Thanks to George for the tip.