Indeed, my children (3 and 5 year old) run freely around the half hectare communal yard of my housing company (which includes 12 apartments). Almost all kids here go to school by themselves either by walking or by bike, starting at the age of seven. I also see kids around this age playing without adults in groups on streets and parks all the time.
City planning gets a lot of shit here, but apparently we did something correctly. It might also have something to do with cities here being generally safe. I'm probably just as concerned about my children's safety as parents in any country, but it just isn't that scary out there.