01 -
Add the sugar and water to a saucepan and cook over medium-low heat until the sugar dissolves and turns into a golden/amber liquid, about 10 minutes. Whisk occasionally. Keep a close eye on the mixture to prevent burning.
02 -
Pour the caramel mixture immediately into an ungreased 9 inch round cake pan that's about 2 inches deep or 2 flan pans 8.9x4.4x2.2inch. Tilt the pan around to make sure it coats the entire bottom surface of the pan.
03 -
Preheat your oven to 350°F (175°C). Fill a kettle with water and bring to a boil.
04 -
To the bowl of your mixer add the cream cheese and beat until smooth. Add the eggs and beat until throughly incorporated. Add the condensed and evaporated milk, vanilla extract and salt. Continue mixing until well combined.
05 -
Strain the cream cheese mixture through a fine-mesh sieve into a clean bowl to remove any lumps and ensure a smooth texture.
06 -
Pour the flan mixture over the caramel in the cake pan. Place the cake pan in a larger baking pan such as a roasting pan. Pour the boiling water into the roasting pan, at least 1 inch in depth.
07 -
Transfer the flan to the oven and bake for 60 minutes or until the center is just set but the mixture will jiggle. If using the smaller pans, start checking for doneness after 30 minutes.
08 -
Remove the cake pan from the roasting pan and cool for 1 hour then refrigerate for 4 hours to overnight.
09 -
To unmold, run a knife around the edge of the flan, then invert it onto a rimmed cake platter. You want the plate to be rimmed so that caramel doesn't drip down. Cut into slices and serve.