The short version

Homes typically become vacant first (nobody living there), then become derelict when time + exposure + unresolved barriers allow the building to fall into a ruinous or dangerous condition.

1) Ownership and legal “stuckness”

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What happens when there's no next of kin? Under Section 73 of the Succession Act 1965, where a person dies intestate (without a will) and no entitled relatives can be found, the State takes the estate as "ultimate intestate successor" — this replaced the older rules of escheat and bona vacantia. The assets vest in the Minister for Finance, and such estates are dealt with by the State Property Division of the Chief State Solicitor's Office. The Minister can choose to waive the State's right in favour of someone else — for example a person the deceased clearly intended to benefit, or a charity. In practice, a home with no traceable heirs can sit empty for a long time while ownership is resolved, which is one of the routes into long-term vacancy and eventual dereliction.

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2) Economics: renovation cost, finance, and risk

3) Planning, regulation, and delivery constraints

4) Use-pattern drivers (vacant but not necessarily derelict)

5) Weak incentives and slow enforcement (why vacancy becomes dereliction)