I should have clarified my setup: One cube, with one face as polygon selection, two materials, both white, one with displacement; polygon selection has displacement material, rest has white material. That's how I understood your scene.
It would be helpful, to upload the scene, or at least the important part of it. Because something doesn't seem quite right, so the corona devs would like to see a scene ;)
Just to make sure: The displacement material tag is all the way on the right in the object manager, right? The order of the materials tags makes a difference.