Luminescent yttrium aluminum garnet (YAG, Y3Al5O12) nanoparticles doped with Eu (10 at%) were synthesized in batch-type and continuous-type supercritical water (SCW) reactors. In the case of the continuous-type SCW method, the particles of YAG : Eu phosphors were much smaller and demonstrated a uniform spherical-like shape. Inversely, in the case of the batch-type SCW method, a needle-like or elliptical-like shape was formed because a finite amount of time was required to reach SCW conditions from ambient conditions. However, the emission intensity of YAG : Eu phosphors synthesized by using the batch-type SCW method was stronger. Therefore, it is concluded that the continuous-type SCW method is superior to the batch-type SCW method from the viewpoint of the particle size and shape, but the luminescence property of phosphors in the continuous-type SCW method needs to be improved. In addition, a calcination process slightly improved the luminescence intensities of YAG : Eu phosphors generated by using either the batch-type or continuous-type SCW methods.