NEW YORK (Reuters) - SouFun.com, China's top real estate and home furnishing Web site, could plan for an initial public offering after it expands to 100 cites by the end of 2008, according to the top executive of Telstra Corp, which owns about 51 percent of SouFun.

Sol Trujillo, CEO of Telstra, which has previously announced it expected SouFun to float, said a listing could take place after the company's planned expansion.

"That's probably a good point to think about," Trujillo said in an interview with Reuters. "The first priority is to get into 100 cities."

(Reporting by Sinead Carew)