Heat the water and milk until warm to touch. Remove from heat, add yeast and let stand for 5 minutes until the mixture starts to foam.
In a large mixing bowl, whisk together the dry ingredients. Pour in the yeast mixture and combine with a spatula until a shaggy dough forms.
Pour the contents out onto a floured surface. With floured hands, knead the dough for at least 7-10 minutes, adding up to ½ cup of flour to prevent sticking. The dough should be smooth and no longer sticky. If you poke your finger into the dough, it should spring back.
Shape into a tight ball, place the dough in a greased bowl and cover with a damp towel. Let rise for 1 hour or until doubled in size.
Once the dough has risen, place on to a lightly floured surface and knead for a minute to remove the air. Roll the dough into a 8 x 12 inch rectangle. From the top, fold over one third of the dough onto itself. Repeat with the bottom third of the dough.
Place the dough into a greased 8½ x 4½ inch loaf pan, folded side facing downwards. Cover with a damp towel and let rise for 30-45 minutes.
Brush the top with coconut milk and bake in a preheated oven at 180°c for 40 minutes, or until the top is golden brown.
After baking, remove from the tin and let cool completely on a wire rack. Use it in any way you like. Enjoy!