FYI, there's a Taka Baby Fair starting from tomorrow which lasts through the weekend so you may want to check it out for baby stuff. Also, there is an Expo baby fair next weekend.
I'll strongly recommend a cot cause firstly, it is not safe to put baby on the floor. When baby starts to crawl you will have to childproof the room to ensure that baby is kept away from danger.
secondly, after you deliver, it'll be quite tiring to kneel on the floor or bend down to pick baby up.
also, a cot is quite worthwhile if you get those which are convertible to toddler beds. these cots usually have a few height adjustments and your baby can sleep up to 4-5 yrs . Thus I think it's a good investment.
by e way, care to share where you saw the cot? Am looking for an additional bed for my kids.