1. Prepare the dough

1. In a large mixing bowl, combine the flour, instant yeast, sugar, and salt. Mix well.
2. In a separate bowl, whisk together the warm milk, sweetened condensed milk, softened butter, egg, and warm water.
3. Gradually add the wet ingredients to the dry ingredients, mixing with a spoon or your hands until a sticky dough forms.

2. Knead the dough

1. Transfer the dough to a lightly floured surface and knead for 8–10 minutes, or until it becomes smooth and elastic.
   • Shortcut: Use a stand mixer with a dough hook on medium speed for 5–6 minutes.
2. Form the dough into a ball and place it in a greased bowl. Cover with a damp cloth or plastic wrap and let it rise in a warm place for 1–1.5 hours, or until it doubles in size.

3. Shape the bread

1. Once risen, punch down the dough to release air.
2. Divide the dough into 8–10 equal pieces and shape each piece into a ball. Arrange them in a greased 9-inch (23 cm) round or square baking pan, slightly touching each other.
3. Cover the pan with a damp cloth or plastic wrap and let the dough rise again for 30–40 minutes, or until puffy.

4. Bake

1. Preheat your oven to 350°F (175°C).
2. Brush the tops of the dough with the beaten egg wash for a shiny, golden crust.
3. Bake in the preheated oven for 20–25 minutes, or until the bread is golden brown and sounds hollow when tapped.

5. Cool and serve

1. Let the bread cool in the pan for 10 minutes before transferring it to a wire rack to cool completely.
2. Serve warm or at room temperature, plain or with your favorite spread.