VSCode C++ CMake fails to build Release variant

I run CMake: Select Variant to select Relaese and CMake: Configure to update buid/CMakeCache.txt which reflects the variant:

CMAKE_BUILD_TYPE:STRING=Release

CMake extension is VSCode shows Release in the Configure project status. However, the build always output the build artifacts in x64/Debug folder and the binaries are built with CMAKE_CXX_FLAGS_DEBUG instead of CMAKE_CXX_FLAGS_RELEASE as I check using file command and it shows with debug_info, not stripped

I see Release in VSCode terminal output:

build task started....
/usr/bin/cmake --build /usr/src/MyApp/build --config Release --target all --

However, towards the end of the build the executables are linked and built in the Debug folder:

[6/6 100% :: 11.014] Linking CXX executable /usr/src/MyApp/x64/Debug/Console

CMake: Log Diagnostics:

{
  "os": "linux",
  "vscodeVersion": "1.94.2",
  "cmtVersion": "1.19.52",
  "configurations": [
    {
      "folder": "/usr/src/MyApp",
      "cmakeVersion": "3.30.3",
      "configured": true,
      "generator": "Ninja",
      "usesPresets": false,
      "compilers": {
        "C": "/usr/bin/gcc",
        "CXX": "/usr/bin/g++"
      }
    }
  ],
  "cpptoolsIntegration": {
    "isReady": true,
    "hasCodeModel": true,
    "activeBuildType": "Release",
    "buildTypesSeen": [
      "Debug"
    ],
    "requests": [],
    "responses": [],
    "partialMatches": [],
    "targetCount": 31,
    "executablesCount": 2,
    "librariesCount": 1,
    "targets": []
  },
  "settings": [
    {
      "communicationMode": "automatic",
      "useCMakePresets": "auto",
      "configureOnOpen": true
    }
  ]

When I run CMake: Configure from VSCode command palette:

[cpptools] The build configurations generated do not contain the active build configuration. Using "Debug" for CMAKE_BUILD_TYPE instead of "Release" to ensure that IntelliSense configurations can be found

According to documentation --config <cfg> works for

"For multi-configuration tools, choose configuration <cfg>."

But in your preset defined "generator": "Ninja" which is not multi-configuration tool.

My guess is it should be "Ninja Multi-Config".