I don't think the master bedroom has to be smaller than the children's rooms. Although the children, especially as teenagers, spend much more time there, the parents share the room (and also for a longer time). For a 2x2m bed that should be accessible from both sides plus a wardrobe for two working people plus a place to put clothes that you want to wear again, there is, after all, a minimum size below which a children's room can fall without becoming inhumane. If more space is available, however, the size proportions should equalize, I agree with that too.