Registry Component Condition on Upgrade

I have a component for a Basic MSI project. It has a condition:

UPGRADINGPRODUCTCODE<>"" AND REMOVE=""

I want the component to install whenever an older version of the product is being uninstalled with the newer MSI executing it.

From the MSI logs, it looks like this condition is being evaluated before the RemoveExistingProducts action.

Is there any work around for this?