01 -
Combine sugar and water in medium saucepan over medium heat. Stir until sugar dissolves, then let boil until deep amber color, 8-10 minutes.
02 -
Quickly pour caramel into 9-inch round baking dish, swirling to coat bottom evenly. Set aside to cool.
03 -
Whisk together condensed milk, coconut milk, sugar, eggs, vanilla, and salt until smooth.
04 -
Strain custard through fine-mesh sieve into caramel-coated dish for smooth texture.
05 -
Preheat oven to 350°F. Place flan dish in larger pan, fill outer pan with hot water halfway up sides.
06 -
Bake 45-50 minutes until set and knife inserted comes out clean.
07 -
Cool in water bath 30 minutes, then cover and refrigerate at least 3 hours or overnight.
08 -
Run knife around edges, invert onto serving plate letting caramel flow over top.