Abstract ‹stanbul has undergone a neoliberal restructuring over the past two decade. In this paper, we focus on two urban spaces that we argue to have emerged as part of this process—namely Göktürk, a gated town, and Bezirganbahçe, a public housing project. We examine these spaces as showcases of new forms of urban wealth and poverty in ‹stanbul, demonstrating the workings of the neoliberalization process and the forms of urbanity that emerge within this context. These are the two margins of the city whose relationship with the center is becoming increasingly tenuous in qualitatively different yet parallel forms. In Göktürk’s segregated compounds, where urban governance is increasingly privatized, non-relationality with the city, seclusion into the domestic sphere and the family, urban fear and the need for security, and social and spatial isolation become the markers of a new urbanity. In Bezirganbahçe, involuntary isolation and insulation, and non-relationality with the city imposed through the reproduction of poverty create a new form of urban marginality marked by social exclusion and ethnic tensions. The new forms of wealth and poverty displayed in these two urban spaces, accompanied by the social and spatial segregation of these social groups, compel us to think about future forms of urbanity and politics in ‹stanbul. NEW PERSPECTIVES ON TURKEY 5 Emerging spaces of neoliberalism: A gated town and a public housing project in ‹stanbul Ayfer Bartu Candan Biray Kolluo¤lu Ayfer Bartu Candan, Sociology Department, Bo¤aziçi University, ‹stanbul, ayfer.bartu@boun.edu.tr Biray Kolluo¤lu, Sociology Department, Bo¤aziçi University, ‹stanbul, biray@boun.edu.tr Authors’ Note: The research for this study was funded through TÜB‹TAK research grant no. 106K336, and Bo¤aziçi University Research Fund no. 04B801 and 06B801. We would like to thank Zafer Yenal and Deniz Yükseker for their careful reading which significantly improved many of the points made in the paper. We are also indebted to Tuna Kuyucu who contributed to this paper by providing critical insights and information. Different versions of this paper were presented at seminars at Koç and Sabanc› Universities, and we are grateful for the comments of the participants at these seminars. We owe our deepest gratitude to Funda Dönmez and Cem Bico whose research assistance at different stages of this project has been invaluable. New Perspectives on Turkey, no. 39 (2008): 5-46.